NOVATEK Proposes Cooperation with EVN on LNG-to-Power Project Chains in Vietnam

At the meeting, NOVATEK introduced its capabilities and experience in the natural gas and LNG sectors and expressed a strong interest in exploring opportunities in Vietnam’s energy market. The company highlighted its interest in participating in integrated LNG value chains, from fuel supply and LNG infrastructure development to power plant investments.

NOVATEK is one of Russia’s leading companies in natural gas and liquefied natural gas (LNG), with operations spanning exploration, production, processing, and trading of natural gas and liquid hydrocarbons, as well as participation in several large-scale LNG projects.

On behalf of EVN, Deputy General Director Nguyen Tai Anh shared Vietnam’s power development orientation under the revised Power Development Plan VIII (PDP VIII), in which LNG-fired power is identified as a key energy source to support the country’s energy transition. He also emphasized the need to ensure energy security while aligning with Vietnam’s roadmap for emissions reduction and its commitment to achieving net-zero emissions by 2050.

EVN Deputy General Director Nguyen Tai Anh (left) chairs a meeting with the NOVATEK delegation on May 25, 2026.

EVN leadership noted that LNG power projects should be developed in parallel with receiving terminals, storage and regasification infrastructure, grid connection systems, and site-specific implementation conditions. For Northern Vietnam in particular, LNG infrastructure planning should consider geological conditions, port infrastructure, the establishment of LNG receiving hubs, and gas supply options for future power clusters.

The two sides also exchanged views on international experience in LNG development, gas-to-power value chain models, and technical requirements for power projects, especially as Vietnam’s power system increasingly requires greater flexibility, stability, and responsiveness to growing electricity demand.

NOVATEK stated that it would continue discussions with EVN and relevant stakeholders to further explore technical solutions, cooperation models, and opportunities to participate in energy projects aligned with Vietnam’s development strategy./.