- PHILCONSTRUCT 2018 comes to Manila after successful Davao swing
- Mining sector accounts for 2.78% of Bicol GDP
- DENR to open more mining areas
- 14 foreign firms eyeing PH petroleum search contracts
- SMC unveils plan to build 10K MW of renewables
- MGB cites mining company’s CSR program in Surigao
- Benguet’s gold processing plant underutilized
- Chamber invites Duterte to ‘responsible’ mining sites
- MVP firm ready to submit proposal to develop LNG terminal
- DENR lifts moratorium on mines exploration
Lloyds Energy inch closer to LNG hub
Lloyds Energy has moved one step closer in its offer to build and develop an LNG Energy Hub in the Philippines.
The company recently received a letter from the Philippine National Oil Company announcing that its unsolicited proposal for the PNOC Batangas Bay Energy Hub Project has been determined to be complete in accordance with the documentary requirements stated in the Build Operate and Transfer (BOT) law and its Revised Implementing Rules and Regulations. Following the completeness check, PNOC will now evaluate the proposal in accordance with the same law, an online report said.
Lloyds Energy was the first company to submit an unsolicited proposal to the PNOC for the development and construction of an integrated LNG hub with storage, liquefaction, regasification and distribution facility, as well as a power plant capacity of 200 – 800 MW. Several companies also previously submitted unsolicited proposals to the PNOC but following the ‘first in time’ approach under the BOT law it is the proposal of Lloyds Energy that is currently being evaluated by the technical working group (TWG) of the PNOC.
The Batangas Bay LNG Hub Project of the PNOC is envisioned to turn the Philippines into a hub for LNG amid the expected depletion of natural gas from the Malampaya gas field in Palawan and the expiration in 2024 of Service Contract 38 issued to the consortium of Shell, Chevron, and PNOC-EC for the operation of Malampaya.
Lloyds Energy is a Dubai based company established in 2013 with the strategic aim of delivering LNG to the global market. Lloyds Energy has grown rapidly by establishing strong international alliances with LNG companies, off takers and major engineering groups specialising in LNG. It has a team of experts with extensive experience and credentials in the gas and oil business. Lloyds Energy continues to expand its activities in the LNG supply chain sector through broad and innovative service offerings.