Local company Linseed Field Power Corp. is on track to launching the commercial operations of its integrated liquefied natural gas import terminal in Barangay Ilijan, Batangas City in April, a Department of Energy official said Friday.
DOE director Rino Abad said Linseed maintained its target completion date at end-March and start of commercial operations at the start of April.
Abad said DOE was waiting for Linseed to submit its application for a permit to operate and maintain the facility.
He said DOE was expecting to receive an operational update from Linseed in the next few weeks.
“We will conduct a final verification once they submit the permit to operate and maintain,” Abad said.
Linseed’s commercial operation target would be in the time for the arrival of San Miguel Corp.’s liquefied natural gas supply for the 1,200-megawatt Ilijan combined cycle power plant.
Linseed’s LNG terminal project was estimated to cost about P14.6 billion.
The terminal would utilize onshore regasification and storage utility supplemented with a floating storage unit.
The proposed project is adjacent to the existing Ilijan combined cycle power plant.
Linseed’s facility is intended to serve the Ilijan power plant and future projects of SMC Global Power Holdings Corp.
The DOE said it would keep a tight watch on the commercial operation of LNG facilities towards the first half, which would complement the Malampaya resource in northwest Palawan.
The DOE approved six applications for LNG import terminal projects as of December 2022.
“These LNG projects will supply the existing anchor markets of the Malampaya gas field to address the impending depletion of the country’s lone domestic source of natural gas,” the department said.