Philippines Declares Strong LNG Interest: Report

Philippine National Oil Co (PNOC) has received 26 unsolicited proposals to develop an LNG import project in Batangas, Manila Times reported March 17.

The companies include seven from China, six from Japan, three from Singapore, two from South Korea, two from Turkey, one from the United Arab Emirates, one from Spain, one from Australia and three from the Philippines, PNOC president Reuben Lista told the newspaper in an interview.

The state owned oil company is in talks with foreign partners for possible government-to-government deals to put up LNG facilities, including a 200-megawatt (MW) power plant and floating storage and regasification units (FSRU), Lista said.

 PNOC president Reuben Lista (Credit: PNOC)

Shardul Sharma