By Elijah Felice Rosales - January
31, 2019
INDONESIA’S second-largest crude oil
producer is planning to invest $1 billion, as it expressed interest in the
development of liquefied natural gas (LNG) in the Philippines.
PT Pertamina said it intends to put
up a $1-billion regasification hub in the country. It is eyeing to offer its
integrated LNG solutions by investing in a floating storage regasification unit
or land-based LNG regasification to provide supply at a competitive price.
In his dialogue with PT Pertamina
officials, Trade Secretary Ramon M. Lopez vowed the government would assist
potential investors in the LNG industry.
“The Philippines is very much open
to LNG investors. We will assist and work with them in looking for trusted
partners until they begin their operations,” Lopez said in a news release.
Corporate Marketing Director Basuki
Trikora Putra said PT Pertamina is determined to pour in capital and play a
role in the development of the growing local LNG industry.
“Having a long experience as one of
the world leading LNG global players, we would like to share the same
experience in the Philippines. We are really keen to invest in the [country],”
Putra added.
PT Pertamina, a government-owned
national energy firm of Indonesia, operates six refineries that have a combined
daily capacity of 1 million barrels of crude oil.
Officials of the Indonesian gas
producer are also scheduled to meet with the Board of Investments, Department
of Energy and Energy Regulatory Commission to align the investment plan with
the government’s policies on energy. The dialogue with Lopez was the first
visit of PT Pertamina in the country.
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