Phoenix Petroleum Philippines Inc. wants to model its planned liquefied natural gas (LNG) facility in Batangas after a Chinese hub owned by its partner CNOOC Ltd.
In a disclosure, Phoenix said its representatives along with those from Philippine National Oil Co. (PNOC) visited CNOOC’s LNG terminal in Tianjin to inspect the facility and check CNOOC’s technical expertise and capability in building and running gas plants.
Phoenix signed with CNOOC Gas and Power Group Co. Ltd. and PNOC a memorandum of understanding for a possible partnership for the LNG project. The joint venture vehicle will be through Tanglawan Philippine LNG Inc. CNOOC’s Tianjin LNG Terminal has a storage capacity of 96 million cubic meters and provides 2.5 million tons per year (mtpa) of LNG for loading into tanker trucks. Together with the terminal, the facility also has 31 truck loading skids.
The Tanglawan LNG project aims to have a regasification and receiving terminal with a capacity of 2.2 mtpa. Commercial operation is targeted to start by end-2023. “The facility will help support the demand for a clean, competitive, and environment-friendly energy source in Luzon, and provide energy security for the country,” Phoenix said. “It also aims to develop a gas-fired power generation facility with up to 2,000 megawatts Installed.