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Philippines shortlists companies for LNG terminal, reports Reuters

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Hydrocarbon Engineering,


The Philippines has shortlisted three groups to build and operate its first LNG import terminal and intends to nominate one by November, according to Reuters.

Energy minister Alfonso Cusi told Reuters that shortlisted companies were chosen from 18 proposal submissions.

They include state-owned Philippines National Oil Co. (PNOC), which is seeking a partner for the project, Cusi told Reuters, while Tokyo Gas has partnered with the Philippines’ First Gen Corp.

China National Offshore Oil Corp. (CNOOC) is also in the running, although it has yet to firm up a local partner, according to the Reuters report. CNOOC has been in talks with the Philippines’ Phoenix Petroleum as a partner, Cusi added.

“Hopefully we can have a conclusion on which proposal to accept by the end of November,” Cusi told Reuters.

Also according to Reuters, the Philippines is expected to start importing LNG to feed gas-fired power plants in Batangas province, south of the capital Manila, as domestic gas supplies from its Malampaya field are set to run out in 2024.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/30102018/philippines-shortlists-companies-for-lng-terminal-reports-reuters/

 

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