By Lenie Lectura -November 9, 2018
LLOYDS Energy Group of Dubai has
submitted a letter of interest to the Philippine National Oil Co. (PNOC)
to partner with the state firm for the development of a liquefied natural
gas (LNG) hub in Batangas Bay, Philippines.
In line with the requirements of the
PNOC, Lloyds Energy also purchased the Instructions to Private Sector
Participants-Eligibility Documents and confirmed their attendance to the
Pre-Eligibility Conference set by the PNOC on November 16, 2018.
Lloyds Energy, together with China
Kaicheng Energy Ltd., has a proposal for the development and construction of an
integrated LNG hub with storage, liquefaction, regasification and distribution
facility, as well as a power plant capacity of 200 to 800 megawatts (MW).
The PNOC is one of the three
companies shortlisted by the Department of Energy (DOE) to build and
operate its first LNG import terminal. Lloyds Energy’s had earlier
expressed interest in pursuing several major projects with the PNOC to
strengthen their relations through joint venture agreements and maximize the
potential of their expertise to develop the LNG industry in the Philippines.
Aside from the LNG Project, Lloyds
Energy intends to pursue other projects with the PNOC particularly in the
development of LNG facilities, oil reserves and the training of Filipino
manpower for work in LNG industries in the Philippines and overseas.
On October 22 the PNOC released
a formal bid invite to apply for eligibility and submit a proposal for the PNOC
Batangas LNG hub project. The state firm is inviting interested bidders to
participate in the selection of PNOC’s joint venture partner to design, build,
finance, operate and maintain the Batangas LNG hub.
The PNOC has applied to the DOE for
the LNG project to be classified as an “Energy Project of National Significance”
under Executive Order 30.
PNOC President Reuben Lista earlier
identified a number of foreign firms that expressed interest to participate.
“The group of Chevron, NYK,
Jera accompanied by an American consul representing an American firm,
called PNOC and expressed their interest. In Russia, two companies expressed
interest with a possible third as supplier,” said Lista.
The LNG project cost is anywhere
from $600 million to $1.4 billion.
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