Energy World Corporation is progressing the construction of its Pagbilao liquefied natural gas (LNG) hub terminal in the Philippines.
According to EWC’s February investor presentation, the project’s 130,000-cbm LNG tank and jetty located some 90 kilometers southeast of Manilla are 90 percent complete. The facility is expected to enter into service during the course of this year.
The company also said it started building the terminal’s second 130,000-cbm tank.
With the completion of the first tank, the facility will be able of handling a throughput of 3 mtpa of LNG per year, which can support 3,000 MW of gas-fired power generation for the power plant being built adjacent to the LNG terminal.
The LNG terminal will be run on a tolling model for third-party clients. It will act as a hub where LNG will be imported and stored in its tanks for later distribution to users around the Philippines.
EWC is currently in talks with industry players on their needs for LNG, the presentation said.
It also previously said it was working with France’s GTT, the LNG storage maker, to develop shipping solutions such s small-scale carriers for the project.
LNG World News Staff