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 nationís 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 Chinaís 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 >>

United States >>  2/6/2019 - McDermott International, along with its joint venture partners Chiyoda International Corporation and Zachry Group, have been awarded a mega* contract ...
Mozambique >>  2/1/2019 - Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, ...

Australia >>  1/22/2019 - Sheffield Resources Limited has secured a 15-year agreement (Agreement) with Woodside Energy Limited (Woodside) and Energy Developments Pty Ltd (EDL) ...
Russia >>  1/22/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Masami Iijima, Chairman of the Board of Directors of Mitsui...

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.