The Philippines Department of Energy (DOE) has issued a ‘Notice to Proceed’ to Atlantic Gulf & Pacific Company of Manila (AG&P) for its LNG import and regasification terminal in Batangas Bay on the country’s main island of Luzon.
Philippines LNG (PLNG) will have an initial regasification capacity of 3 million tpa and will also have capacity for liquid distribution. It will supply power plant, industrial and commercial customers and other consumers. AG&P has completed the pre-development work and PLNG is expected to be commissioned by mid-2022. It will have a scalable onshore regasification capacity of 420 million scfd and around 200,000 m3 of storage capacity.
The Philippines DOE has committed to making the Philippines a regional LNG hub in Southeast Asia. Its approval of PLNG is intended to kickstart the LNG import and regasification industry, to deliver a clean, reliable source of energy, attract investment and create jobs.
‘We are excited about this critical step in bringing AG&P’s Philippines LNG Import Terminal online. AG&P is working very hard to bring this safe, environmentally friendly, competitive fuel to our customers by the summer of 2022 and hope that the wide availability of natural gas will spur manufacturing and jobs in the Philippines while we all enjoy healthier air. We salute the Philippines’ DOE for its professionalism and hard work in evaluating our proposal and granting AG&P the Notice to Proceed. We are aligned with the DOE’s forward-looking vision for clean energy and look forward to supporting it every day. I would also like to recognise the hard-working engineers in our Korean subsidiary, Gas Entec, which has brought its world-leading technology to PLNG,’ says Karthik Sathyamoorthy, president of LNG Terminals & Logistics, AG&P.