AG&P Gets OK to Develop the Philippines LNG Import Terminal in Batangas Bay

Jessica Jaganathan
Monday, March 8, 2021

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.

The firm, part owned by Osaka Gas and the Japan Bank for International Cooperation, said the Philippines' energy department has issued it a notice to proceed to develop the terminal, known as Philippines LNG, which will provide the fuel to power plant, industrial and commercial customers and other consumers.

Philippines LNG will be the fifth planned LNG import terminal in the Southeast Asian nation, which is seeking the fuel as the Malampaya gas field in western Philippine waters is expected to run dry this decade.

Four other terminals worth about 65 billion pesos ($1.34 billion) are at various stages of approval or financial closure.

Philippines LNG will have an initial capacity to deliver up to three million tonnes per annum (mtpa) of regasified LNG, with additional capacity for liquid distribution, AG&P said in a statement.

It will also have scalable onshore regasification capacity of 420 million standard cubic feet per day (mmscfd) and almost 200,000 cubic meters (cbm) of storage, AG&P said.

The statement did not disclose the financial details of the project.

The company has completed its pre-development work for the terminal which is expected to be commissioned by mid-2022. ($1 = 48.5800 Philippine pesos) 

(Reporting by Jessica Jaganathan; Editing by Muralikumar Anantharaman)

Categories: Ports LNG Coastal/Inland Asia Terminals

Related Stories

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

EnQuest Bags Two Production Sharing Contracts off Indonesia

Woodside Inks Long-Term LNG Supply Deal with China Resources

Tokyo Gas Enters LNG Market in Philippines

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com