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Phoenix Petroleum Gets Green Light for US2 bln LNG Terminal

Source: Reuters 1/11/2019, Location: Asia

Philippines firm Phoenix Petroleum has won government approval to build the nation’s first liquefied natural gas (LNG) import terminal for $2 billion, in partnership with China National Offshore Oil Corp (CNOOC).

Phoenix, a fuel retailer, said it plans to break ground this year for the LNG regasification and receiving terminal south of the capital Manila, in a country that still relies heavily on coal as a fuel source.

The company said its Tanglawan Philippine LNG Inc unit, which will undertake the project, is partnering with CNOOC Gas and Power Group Co Ltd, a unit of CNOOC and China’s largest LNG importer and terminal operator.

The LNG facility is expected to have a capacity of 2.2 million tonnes per year, with commercial operations targeted to start by 2023, Phoenix said in a regulatory filing.

LNG Processing News in Philippines >>

Mauritania >>  4/17/2019 - Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), has received the Final Notice to Proceed (FNTP...
United States >>  4/15/2019 - McDermott International, Inc. and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corpor...

China >>  4/5/2019 - Woodside has signed a Heads of Agreement (HOA) with ENN Group for the sale of 1.0 million tonnes of LNG per annum from Woodside’s portfolio for a per...
Singapore >>  4/5/2019 - Tokyo Gas Co., Ltd. (Tokyo Gas) has executed a heads of agreement (HOA) with Shell Eastern Trading (Pte) Ltd. for the supply of liquefied natural gas ...

China >>  4/3/2019 - Total and Guanghui have signed a long-term Sale and Purchase Agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (L...
Italy >>  4/3/2019 - An Italian ferry with a marine LNG fuel-gas supply system has entered service. MAN Cryo – MAN Energy Solutions’ marine LNG fuel-gas-system manufacture...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


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