Philippines plans LNG imports
The Philippines plans to begin importing liquefied natural gas (LNG) in the next four to five years and is in talks with US, Canadian and Australian suppliers, energy under-secretary Jose Layug said, Seatrade Asia Online reports. “In four to five years, hopefully we will begin commercial activity for LNG. A decision on how we will import the gas, including looking at floating vessels, will be made by the end of this year,” Layug told reporters on the sidelines of an industry conference in Singapore yesterday.
LNG is seen as the main source to meet the country's expected 5,000 MW per day domestic demand for gas-fired power in 2016, up from the current 2,700 MW, he said.
“We are conducting feasibility studies on which areas are appropriate for a LNG receiving terminal, a pipeline, even for a floating vessel. We are awaiting the master plan by year-end. They are looking at Luzon and Manila Bay very likely Luzon will be the hub,” Layug said.
LNG is seen as the main source to meet the country's expected 5,000 MW per day domestic demand for gas-fired power in 2016, up from the current 2,700 MW, he said.
“We are conducting feasibility studies on which areas are appropriate for a LNG receiving terminal, a pipeline, even for a floating vessel. We are awaiting the master plan by year-end. They are looking at Luzon and Manila Bay very likely Luzon will be the hub,” Layug said.