The Ha Tinh Provincial People’s Committee has approved the investment project of the North Central LNG Warehouse (Vung Ang LNG Warehouse) with a total investment of approximately 26.7 trillion VND, invested by the Vietnam Gas Corporation (PV GAS). The project, located in the Vung Ang Economic Zone, uses about 53 hectares of land and 426 hectares of water surface, aimed at supplying LNG to thermal power plants and industrial consumers in the area. The project is divided into two phases: Phase 1 (2029-2030) with a capacity of 1-3 million tons of LNG/year, and Phase 2 for further capacity expansion. The project is set to operate for 35 years and is expected to be completed by Q4 2029. It will generate numerous jobs and increase local revenue while contributing to the development of LNG infrastructure from North to South by PV Gas. By 2025, PV GAS recorded a total revenue of nearly 55.756 trillion VND and after-tax profit of over 7.571 trillion VND.
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