, Philippines

Philippines to bid US$2.1 billion natural gas project

One of the largest renewable energy projects in the Philippines has caught the attention of at least 10 foreign investors.

Phase 2 of the government’s US$2.1 billion natural gas pipeline project will extend from Batangas province south of Manila to Subic Bay in Zambales province to the north. It will also include an integrated liquefied natural gas (LNG) terminal in Bataan province (adjacent to Zambales) and the building of several LNG-fired power plants.

Private sector participation starts with Phase 2. Phase 1 involves the construction of a US$200 million Batangas to Manila gas pipeline.

Undersecretary Jose Layug Jr. of the Department of Energy said investors await the bidding for the construction of a receiving terminal for natural gas and to supply natural gas. He said that among these companies are Mitsubishi Corporation of Japan, AXI LNG Gas of Canada, Mitsui Co. Ltd. of Japan and ENI S.p.A of Italy.

Layug pointed out that private firms will build the receiving terminal, which can either be a floating storage receiving unit or an onshore terminal, and will offer the supply LNG. The last phase of the master plan involves building power plants running on LNG.
 

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!