Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P), has been cleared to proceed with the development of the Philippines LNG project.
The company has been issued a notice to proceed by the Philippines’ Department of Energy (DOE) for the development of its LNG import and regasification terminal in Batangas Bay on the main island of Luzon.
PLNG will store and dispatch LNG to power plants, industrial and commercial customers and other consumers, opening up for the country a new era of clean, efficient fuel.
PLNG will have the initial capacity to deliver up to 3.0 mtpa of regasified LNG, with additional capacity for liquid distribution. The project will also have a scalable onshore regasification capacity of 420 mmscfd and almost 200,000-cbm of storage.
AG&P has already completed its pre-development work for PLNG, which is expected to be commissioned by summer 2022.
As an initial step, PLNG will serve to kick-start the country’s LNG importation and regasification ability, delivering gas to secure the current and future energy demand of the region.