LNG

A consortium led by South Korea’s SK Innovation, Vietnam’s PV Power, and Japan’s NASU has broken ground on a $2.3 billion LNG-to-power project in Vietnam. The Quynh Lap project will have a power generation capacity of 1,500 MW, fuelled by imported LNG.

South Korean discussions are under way to create the nation’s largest energy company by merging two parts of the SK Group with LNG, oil and gas and chemicals assets into a mega-Korean corporation worth over US$75 billion if completed.