Tanglawan Philippine LNG Inc. has been granted by the Philippines’ Department of Energy the Notice to Proceed to build an LNG terminal in Batangas, the Philippines.
The company plans to break ground for the regasification and receiving terminal, with a capacity of 2.2 million tpy, in 2019, with commercial operations targeted to start by 2023.
The LNG facility will help support the demand for a clean, low-cost, and environment-friendly energy source in Luzon and contribute to the sustainable development of the Philippine economy.
The integrated long-term project plan also aims to develop a gas-fired power generation facility with up to 2000 MW installed capacity.
A possible joint venture arrangement for Tanglawan Philippine LNG Inc. is currently being discussed between China’s largest LNG importer and terminal operator, CNOOC Gas and Power Group Co. Ltd, and the Philippines’ fastest-growing oil company, Phoenix Petroleum.
Read the article online at: https://www.tanksterminals.com/terminals/18012019/tanglawan-philippine-lng-receives-doe-ntp-approval-for-terminal/