Ha Tinh approves the investment policy of the North Central LNG Terminal project

According to the decision, the North Central Liquefied Natural Gas (LNG) project aims to supply LNG to thermal power plants under the revised Power Plan VIII (such as Quang Trach 2, Vung Ang 3, Quang Trach 3...) and industrial customers in the region.

The total investment capital of the project is about 26,735.5 billion VND, of which the owner's contributed capital is 8,020.7 billion VND, and other loans and mobilization are 18,714.8 billion VND.

Scale and progress:

- Phase 1 (2029–2030): Capacity of 1–3 million tons of LNG/year.

- Phase 2 (after 2030): Research to expand capacity according to planning and market demand.

- Operation term: 35 years from the date of land allocation or land lease.

- Progress: Completed and put into operation in the fourth quarter of 2029.

The project, when put into operation, is expected to create many jobs, increase budget revenues and contribute to the economic restructuring of Ha Tinh towards industry – services.

Responsibility for implementation

Ha Tinh Provincial People's Committee assigns specific tasks to relevant units:

1. Department of Finance: Guiding deposits, managing and advising on removing difficulties in the implementation process; ensuring legal procedures related to investment, land, minerals, and environment.

2. Provincial Economic Zone Management Board: Support investors to complete procedures, monitor and monitor progress.

3. Department of Construction: Guiding and inspecting procedures for planning, construction and management of the land fund.

4. People's Committee of Hoanh Son Ward: Adding the project to the land use plan, supporting related procedures and ensuring security and order in the area.

5. Other departments and branches: Coordinate, supervise, and remove obstacles in the implementation process so that the project can be implemented effectively./.