Gulf Oil and Gas accountACCOUNT

Phoenix Petroleum Gets Green Light for US2 bln LNG Terminal

Source: Reuters 1/11/2019, Location: Asia

Philippines firm Phoenix Petroleum has won government approval to build the nation’s first liquefied natural gas (LNG) import terminal for $2 billion, in partnership with China National Offshore Oil Corp (CNOOC).

Phoenix, a fuel retailer, said it plans to break ground this year for the LNG regasification and receiving terminal south of the capital Manila, in a country that still relies heavily on coal as a fuel source.

The company said its Tanglawan Philippine LNG Inc unit, which will undertake the project, is partnering with CNOOC Gas and Power Group Co Ltd, a unit of CNOOC and China’s largest LNG importer and terminal operator.

The LNG facility is expected to have a capacity of 2.2 million tonnes per year, with commercial operations targeted to start by 2023, Phoenix said in a regulatory filing.

LNG Processing News in Philippines >>

Russia >>  6/7/2019 - As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK has signed the Share Purchase Agreement (“Agreement”) with wholly owned ...
United States >>  5/22/2019 - Sempra Energy (SRE) and Saudi Aramco announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement...

Vietnam >>  5/22/2019 - PAO NOVATEK announced that the Company and the Ninh Thuan Provincial People’s Committee signed a Memorandum of Understanding (“MOU”) to develop an in...
Malaysia >>  5/21/2019 - PETRONAS achieved its first liquefied natural gas (LNG) drop by its floating LNG facility, PETRONAS Floating LNG Satu (PFLNG Satu) at the Kebabangan c...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Philippines Oil & Gas 1 >>  2 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.