Swedish engineering and consultancy company AFRY has been appointed as international technical adviser for the 1.5-gigawatt Thai Binh LNG-to-power project in northern Vietnam.
AFRY will advise on the project’s offshore and onshore infrastructure. The assignment covers the LNG receiving facilities, a combined-cycle gas-fired power plant, subsea pipelines, marine facilities and offshore surveys.
“AFRY brings extensive experience in LNG-to-power developments and a solid track record in delivering technical advisory and engineering services for complex energy infrastructure,” said Yasushi Kuno, CEO of Thai Binh LNG Power JSC.
The project is owned by Japan’s Tokyo Gas and Kyuden International together with Vietnamese TTVN Group. Construction formally began in October 2025 in Hung Yen province, which absorbed the former Thai Binh province during Vietnam’s administrative reform.
The development covers approximately 269 hectares and has been valued at around $2.69 billion. It is expected to generate between six and ten billion kilowatt-hours of electricity annually.
The developers previously sought permission to postpone commercial operation because of difficulties securing gas turbines and completing financing arrangements. AFRY’s announcement did not provide an updated completion date.
Vietnam considers LNG-fired power important for meeting its growing electricity demand and reducing dependence on coal. However, LNG remains a fossil fuel and should not be considered renewable energy.
The value of AFRY’s contract has not been disclosed.
Sources: AFRY’s announcement & VietnamPlus project background.
