Six countries vie for $2 billion Philippines LNG hub
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The company has received six proposals from China, Indonesia, Japan, Singapore, South Korea and the United Arab Emirates (UAE) to co-build the LNG hub, PNOC’s head of LNG team and technical adviser Arwin Ardon quoted as saying.
He said all proposals include storage, liquefaction, regassification, a power plant, and distribution facility as part of the LNG terminal.
The construction of the project, which includes a 5 million tonnes-per-annum storage facility, could be completed by 2020, or four years before the country's Malampaya natural gas field is depleted, Energy Secretary Alfonso Cusi said last month.
These proposals will be reviewed and will be submitted to the DOE, which has the final say on the project, by July 30, Philstar quoted Ardon as saying. ■