Six countries vie for $2 billion Philippines LNG hubStaff Writer | July 24, 2017
State-run Philippine National Oil Company (PNOC) has shortlisted six countries and will choose one from them as a partner for its planned $2 billion receiving and distribution facility for imported LNG, Reuters reported.
Energy PNOC has received six proposals
He said all proposals include storage, liquefaction, regassification, a power plant, and distribution facility as part of the LNG terminal.
The construction of the project, which includes a 5 million tonnes-per-annum storage facility, could be completed by 2020, or four years before the country's Malampaya natural gas field is depleted, Energy Secretary Alfonso Cusi said last month.
These proposals will be reviewed and will be submitted to the DOE, which has the final say on the project, by July 30, Philstar quoted Ardon as saying. ■