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Philippines announces short-list for LNG project

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LNG Industry,

According to the latest Reuters report, the Philippines has short-listed three companies to construct and operate its first LNG import terminal. Decision makers hope to nominate the final operator by November.

The short-list was compiled from 18 companies/groups that submitted proposals for the project.

The final three include: the Philippines National Oil Company (PNOC), which is seeking a partner for the project; Tokyo Gas, which has partnered with the Philippines’ First Gen Corp.; and China National Offshore Oil Corp. (CNOOC), which is still searching for local partner but is in talks with the Phoenix Petroleum of the Philippines.

The project in question is an LNG import terminal in Batangas province, south of the nation’s capital Manila. The terminal will import LNG to fuel gas-fired power plants. There are also hopes that the terminal could serve as the first step towards the establishment of an LNG trading hub in the region.

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