SWEDEN; VIETNAM —Rising energy requirements in Southeast Asia are driving expanded investment in natural gas infrastructure, marked by the selection of an international technical consulting firm to oversee marine and onshore engineering for a major power generation initiative in northern Vietnam.
Under the appointment, Swedish engineering and design firm AFRY will provide comprehensive technical guidance for the offshore receiving and storage setup serving the 1.5 gigawatt Thai Binh facility in Hung Yen province. The development scope covers specialized subsea gas transmission pipelines, submerged yoke mooring systems, floating storage units, and associated marine site surveys to ensure seamless integration with the combined-cycle power plant.
AFRY is a global engineering, design, and advisory services firm focused on energy, industrial transition, and infrastructure development, operating across multiple markets with a workforce of approximately 18,000 professionals. Thai Binh LNG Power operates as the dedicated project vehicle responsible for executing and managing the energy facility.
This development underlines a strategic shift toward liquefied natural gas as a core transition fuel to stabilize grid supply and satisfy growing industrial power demand across Vietnam. Establishing modern import and regasification capacity allows regional utilities to enhance energy security, mitigate power deficit risks, and transition away from higher-emission energy sources.
For international investors and EPC contractors, the progression of large-scale gas-to-power assets opens substantial opportunities across specialized marine construction, subsea pipeline engineering, and floating storage technology. The structured deployment of advisory expertise provides heightened technical assurance, lowering execution risks for complex energy projects in emerging Asian markets.
