Philippines-based Pilipinas Shell Petroleum is looking at the viability of setting up an oil terminal in the southern part of the country.
It would be strategically positioned for shipment of products, such as those coming from Singapore. The facility may help stabilise prices in the targeted areas because it could pare logistics cost in the transport of products.
Shell has been investing heavily in the Philippines recently. This is the third project in the country, following its $1.2 billion (€1 billion) worth of investments in a proposed LNG terminal and a Tabangao refinery upgrade.
This is order that the refinery can comply to Euro IV fuel standards, which the law mandates to be rolled out in the market by 2016.
Shell has also announced a $1 billion upstream investment for the Malampaya gas field.