Vietnam Sets Maximum LNG Power Generation Price for 2026
Vietnam’s Ministry of Industry and Trade has approved a 2026 price framework for LNG-fired power plants, ranging from 0 to 3,453.72 Vietnamese dong per kWh, excluding VAT. Vietnam Electricity will use the framework when signing power purchase agreements with generators. The decision takes effect on September 11, 2026.
Vietnam’s Ministry of Industry and Trade issued Decision No. 2972 approving the 2026 price framework for combined-cycle gas turbine power plants using liquefied natural gas (LNG). The applicable price ranges from 0 to 3,453.72 Vietnamese dong per kWh, excluding value-added tax; the maximum is 3,453.72 Vietnamese dong per kWh. The decision takes effect on September 11, 2026.
The parameters used to calculate the maximum price include a calculated capacity of 1,528,292 kW and a heat rate of 6,253.43 BTU per kWh at 85% load. The imported LNG price is USD 13.4099 per million BTU, including import tax, while transportation and related costs are USD 1.831 per million BTU. The exchange rate used is 26,378 Vietnamese dong per US dollar.
The price framework applies to the relevant LNG power plants covered by the Ministry of Industry and Trade’s Circular No. 09/2025/TT-BCT of January 2, 2025. Vietnam Electricity and power generators must use the framework as the basis for signing power purchase agreements in accordance with the ministry’s method for determining power generation service prices.
Source: VietVance
