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As current reservoir analysis portends additional gas production years for Malampaya field, the initial target of the Department of Energy (DoE) is to place its operatorship under state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) after the field’s contract lapse in 2024.

Continue reading PNOC-EC eyed as Malampaya operator

State-run Philippine National Oil Company (PNOC) will be requiring its prospective investor-partners to re-submit proposals on its planned liquefied natural gas (LNG) projects.

Continue reading PNOC asks LNG investment proponents to re-submit offers

MANILA, Philippines — The Department of Energy (DOE) is declaring the planned $2-billion liquefied natural gas (LNG) terminal part of the lineup of projects of national significance under Executive Order 30.

DOE Secretary Alfonso Cusi said the agency is preparing a list of power projects that will be under EO 30 as long as these developments have a high social impact.

“We haven’t declared any project yet, but there are projects lined up,” he said.

The energy chief said one project to be declared under EO 30 is the LNG hub.

“We will put it under EO 30, projects of national significance. So once everything is in order and it is approved, development will soon follow,” Cusi said.

EO 30 provides that government agencies concerned with energy projects should presume other agencies were able to act upon and issue their respective permits within a 30-day period.

It created the Energy Investment Coordinating Council, to be led by the DOE, which will spearhead and coordinate national government efforts to harmonize, integrate and streamline regulatory processes, requirements and forms relevant to the development of energy investments in the country.

Placing the project under EO 30 will allow the LNG terminal to start construction within 2018.

“We’re trying to meet our groundbreaking target next year to make it operational before 2022, or before the depletion of the Malampaya gas project,” Cusi said.


The DOE has tasked its corporate arm Philippine National Oil Co. (PNOC) to spearhead the development of the country’s integrated LNG hub, consisting of five million metric tons per annum of storage, liquefaction, regassification and distribution facility, as well as a reserve initial power plant capacity of 200 megawatts (MW).

PNOC is currently evaluating unsolicited proposals from three foreign investors, namely Korea Electric Power Corp. (KEPCO), Lloyds Energy Group and China National Offshore Oil Co. (CNOOC).

It is also in talks with the Asian Development Bank (ADB) to become its consultant for its planned LNG project.

Further supporting the development of the country’s LNG sector is the signed guiding policy on the natural gas industry to meet the country’s goal of becoming the LNG trading and trans-shipment hub in the Asia Pacific region.

Cusi recently signed Department Circular 2017-11-0012 called Philippine Downstream Natural Gas Regulation which details the rules and regulations governing the downstream natural gas industry to develop a market and gain energy security and sustainability.

The DOE will have the overall responsibility in promoting and supervising the development and operation of the downstream natural gas industry.

Reference:

Rivera, D. (December 11, 2017). DOE to declare $2 B LNG terminal as project of nat’l significance. The Philippine Star. Retrieved from http://www.philstar.com/business/2017/12/11/1767090/doe-declare-2-b-lng-terminal-project-natl-significance

THE Department of Energy (DoE) on Tuesday outlined its policy for the downstream natural gas industry, a strategy for making the Philippines a regional hub for the fossil fuel, which includes plans for a $2-billion liquefied natural gas (LNG) terminal.

Continue reading Gas policy sets stage for LNG terminal bids

The Philippines is aiming to next year award the permit to build and operate the country’s first facility for receiving and distributing liquefied natural gas, its energy secretary said on Tuesday.

Continue reading PH poised to award LNG permit

MANILA, Philippines — State-run Philippine National Oil Co. (PNOC) wants to tap the services of the Asian Development Bank (ADB) as consultant for its planned $2-billion liquefied natural gas (LNG) terminal.

Continue reading PNOC wants ADB as consultant for planned $2-B LNG terminal

State-owned Philippine National Oil Co. said it plans to tap the Asian Development Bank to evaluate the proposals for the development of the first liquefied natural gas project.

Continue reading ADB tapped to review LNG project proposals

As the Philippines and the rest of ASEAN region scramble to get new energy sources on board, an expert said that natural gas and Liquefied Natural Gas (LNG) are still the “most stable option” when it comes to prices compared to oil and coal.

Continue reading LNG remains the best energy alternative for PH – expert

Korea Electric Power Corp. (KEPCO) has submitted an unsolicited proposal for the $2-billion liquefied natural gas (LNG) facilities that state-run Philippine National Oil Co. (PNOC) wants to implement.

Continue reading KEPCO submits unsolicited bid for LNG projects

THE Philippine National Oil Company (PNOC) will be putting up the unclaimed areas in the Batangas liquefied natural gas (LNG) hub for bidding next year if it does not receive any offers that satisfy the government’s demands by year’s end.

Continue reading Batangas LNG hub contracts to be put up for auction by 2018 — PNOC

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