Philippines starts LNG imports, more projects in pipeline

Apr 10, 2023

MANILA, May 24 (Reuters) - With just four more years to go before the Philippines' only gas field might halt production, the country has started importing liquefied natural gas (LNG), adding upward pressure to already worryingly high inflation.

Seven terminal projects have been approved by the Philippines' Department of Energy, as it looks to expand LNG usage into industrial, commercial, residential and transport sectors in addition to power.

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Following are the project proponents and their partners, proposed capacities, timetable and status as of April 24, according to the energy department.

PHLNG IMPORT TERMINAL (previously Atlantic Gulf & Pacific Co of Manila Inc) Partner: Osaka Gas Co Ltd, which has technical services agreement with AG&P Description: Floating Storage Unit and Onshore Regasification, and buffer LNG storage tank Location: Batangas City Capacity: 3 million tonnes per annum (mtpa) Estimated Commercial Operations Date (COD): FSU and Onshore Regasification in May 2023, and buffer LNG storage tank in December 2023 Status: LNG cargo from trader Vitol has arrived and will fuel San Miguel Corp's 1,200-megawatt power plant in Batangas, which is scheduled to come online by May 26

FGEN LNG of First Gen Corp Partner: Tokyo Gas Co Ltd, which has a 20% interest Description: Floating Storage and Regasification Unit (FSRU) Location: Batangas City Capacity: 5.26 mtpa Estimated COD: September 2023 Status: Commissioning scheduled in third quarter

ENERGY WORLD GAS OPERATIONS PHILIPPINES INC Proponent: Energy World Corp Ltd Description: LNG Storage and Regasification Terminal Location: Pagbilao Grande Island, Quezon Province Capacity: 3 mtpa Estimated COD: December 2023 Status: Permit to construct extended for 1 year and issued on Jan. 31, 2023

SHELL ENERGY PHILIPPINES INC Proponent: Shell Pilipinas Corp Description: FSRU Location: Batangas City Capacity: 3 mtpa Estimated COD: September 2025 Status: 20-month extension of Notice To Proceed issued in January 2023

LUZON LNG TERMINAL INC Description: FSRU Location: Batangas Bay Capacity: 4.4 mtpa Estimated COD: December 2025 Status: Permit to Construct issued in December 2022 VIRES ENERGY CORP Description: FSRU Location: Batangas City Capacity: 3 mtpa Estimated COD: September 2025 Status: 2-year extension of Notice To Proceed issued and valid until October 2023 SAMAT LNG CORP Description: Small-Scale LNG Terminal Location: Mariveles, Bataan Capacity: 0.32 mtpa Estimated COD: Phase 1 in March 2024, Phase 2 in May 2025 Status: Notice To Proceed issued in January 2023

(Reporting by Enrico Dela Cruz)