State-owned Philippine National Oil Co. will launch the solicited, competitive tender to select a joint venture partner in developing a liquefied natural gas terminal in Batangas within the month, officials said Monday.
“Given the strong interest from the private sector, we have decided to run solicited, competitive tender to select the JV partner, that will develop the project with PNOC,” Glenda Martinez, head of the PNOC technical working group for the government’s planned LNG terminal said..
PNOC is doing away with the previous option of an integrated LNG facility, which includes both a land-based or floating terminal and power plants with an initial capacity of 200 megawatts.
The company also reduced the initial capacity of the terminal to 3 mtpa (capable of supplying 3,000 MW of natural gas plants) from the previous target of 5 mpta.
PNOC is focusing instead on the development of a floating, storage and re-gasification unit without the power plants.