Representing the Ministry of Industry and Trade was Deputy Minister Nguyen Hoang Long. The Vietnam National Energy and Industry Corporation (Petrovietnam) was represented by Mr. Le Ngoc Son - Secretary of the Party Committee and Chairman of the Member Board; Mr. Le Xuan Huyen - Vice President in charge of EVN’s Executive Board, along with other members of the Member Board and the Board of General Directors of Petrovietnam.

Representing EVN were Mr. Nguyen Anh Tuan - Deputy Secretary of the Party Committee, President and CEO; Mr. Dinh The Phuc - Member of the Member Board; Mr. Vo Hong Linh - Member of the Member Board; Mr. Nguyen Tai Anh - Vice President of EVN; and representatives from specialized departments and units under the Group.

Leaders of EVN and PV GAS signing framework agreement for LNG supply to Quang Trach II and III power plants in presence of delegates. Photo: Ng. Tuan

Establishing an LNG supply chain for key gas-fired power projects

Speaking at the ceremony, Deputy Minister of Industry and Trade Nguyen Hoang Long said that the implementation of LNG power projects, including the Quang Trach II and III power plants, is a concrete step in realizing the revised Power Development Plan VIII, contributing to supplementing an important base power source for the national power system, especially in the northern region.

The Deputy Minister highly appreciated the proactive and positive efforts of Ha Tinh province in coordinating the project's implementation, as well as the decisive involvement of major energy corporations such as EVN, Petrovietnam, and PV GAS in the synchronous development of both LNG storage infrastructure and power plants.

Speaking at the event, President and CEO Nguyen Anh Tuan said that for more than twenty years, the cooperative relationship between EVN and Petrovietnam - PV GAS has played an important role in ensuring national energy security, especially in supplying gas to power plants. In the context of declining domestic gas resources, the proactive deployment of regasification LNG by both parties is an important solution to ensure fuel supply for power generation.

EVN President and CEO delivers speech. Photo: Ng. Tuan

President and CEO Nguyen Anh Tuan stated that the framework agreement for supplying LNG from the Vung Ang LNG terminal to the Quang Trach II and III power plants is strategically significant in developing LNG infrastructure, optimizing resources, and ensuring a stable and long-term fuel supply. EVN is committed to closely coordinating with PV GAS to effectively implement the signed agreement.

EVN leaders also emphasized that the Quang Trach II and III LNG power plant project cluster, with a total capacity of approximately 3,000MW, will be an important supplement to the power system, contributing to improved operational flexibility, supporting the integration of renewable energy, and reducing environmental emissions.

Ensuring national energy security

Mr. Le Xuan Huyen – Vice President in charge of Petrovietnam Executive Board, giving speech. Photo: Ng. Tuan

PV GAS is committed to working closely with EVN and PV Power to effectively implement infrastructure and LNG supply projects, especially in the North Central region, ensuring progress and quality, and contributing to the realization of national energy development goals.

The signed framework agreement serves as the basis for both sides to continue negotiating and signing specific LNG purchase and sale contracts in the future, ensuring the timely supply of fuel for EVN's gas-fired power projects.

Translator: Nguyễn Thị Lan Anh