Manila Times.net
BY EUAN PAULO C. AÑONUEVO REPORTER
THE Philippines’ biggest food and beverage company is keen on bidding for the country’s first natural gas pipeline.
On the sidelines of the government’s Public-Private Partnership (PPP) conference, Ramon Ang, San Miguel Corp. (SMC) president and chief executive officer, said the conglomerate plans to tender an offer for the project. “Yes, we will join,” he said without elaborating.
The 100-kilometer Batangas to Manila pipeline project called Batman 1, which state-owned Philippine National Oil Co. (PNOC) is undertaking through subsidiary PNOC Exploration Corp., is envisioned to make gas from Malampaya, the country’s largest gas field, available to potential users in the industrial, commercial, transport and residential sectors in Metro Manila.
Besides SMC, Abacus Consolidated Resources & Holdings Inc., PTT of Thailand, Japanese power firm Marubeni Corp., Russian power firm Gazprom and Petrochina Co. Ltd. of China had expressed interest in putting up the facility.
Jesus Tamang, Department of Energy director for planning, said earlier that an anchor load, such as a power plant that would command the bulk of demand, has to be put up to justify the construction of a natural gas pipeline.
SMC’s 620-megawatt Limay combined cycle plant in Bataan is one of the candidates for the anchor load for another proposed natural gas distribution network, the 140-kilometer Bataan to Manila pipeline, or Batman 2.
Besides SMC’s plant, the government is looking at the decommissioned 850-megawatt Sucat thermal plant and the still-running 650-megawatt Malaya thermal power plant, as potential candidates for natural gas use.
Both are on the government’s auction block.
SMC shares rose to P105.0 a piece on Thursday, up from its previous close of P99.7.
THE Philippines’ biggest food and beverage company is keen on bidding for the country’s first natural gas pipeline.
On the sidelines of the government’s Public-Private Partnership (PPP) conference, Ramon Ang, San Miguel Corp. (SMC) president and chief executive officer, said the conglomerate plans to tender an offer for the project. “Yes, we will join,” he said without elaborating.
The 100-kilometer Batangas to Manila pipeline project called Batman 1, which state-owned Philippine National Oil Co. (PNOC) is undertaking through subsidiary PNOC Exploration Corp., is envisioned to make gas from Malampaya, the country’s largest gas field, available to potential users in the industrial, commercial, transport and residential sectors in Metro Manila.
Besides SMC, Abacus Consolidated Resources & Holdings Inc., PTT of Thailand, Japanese power firm Marubeni Corp., Russian power firm Gazprom and Petrochina Co. Ltd. of China had expressed interest in putting up the facility.
Jesus Tamang, Department of Energy director for planning, said earlier that an anchor load, such as a power plant that would command the bulk of demand, has to be put up to justify the construction of a natural gas pipeline.
SMC’s 620-megawatt Limay combined cycle plant in Bataan is one of the candidates for the anchor load for another proposed natural gas distribution network, the 140-kilometer Bataan to Manila pipeline, or Batman 2.
Besides SMC’s plant, the government is looking at the decommissioned 850-megawatt Sucat thermal plant and the still-running 650-megawatt Malaya thermal power plant, as potential candidates for natural gas use.
Both are on the government’s auction block.
SMC shares rose to P105.0 a piece on Thursday, up from its previous close of P99.7.
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