The Department of Energy (DOE) is set to approve the P37-B onshore liquefied natural gas (LNG) import terminal project of the Lucio Tan Group, to be located in Pinamucan Ibaba, Batangas City.
According to a Manila Bulletin report, the venture had already been forwarded to DOE Secretary Alfonso G. Cusi for final approval, preceding the issuance of the notice-to-proceed (NTP) which licenses project developers to proceed to the project’s implementation.
The venture is targeting a capacity of 3.0 mtpa which is, more or less, the same as the proposed scale of other LNG import facility proponents.
The Lucio Tan Group has indicated that it will bundle up the gas terminal with a power plant project of 1,100-megawatt (MW) capacity that shall serve specified markets including the Asia Brewery and Tanduay distillery facilities of the conglomerate.The project sponsor will also be offering its power-generated capacity to other industries in the area, including facilities of the Gokongwei Group.
It was also stipulated that the power plant development of the group will be joining the competitive selection process (CSP) for power supply agreements (PSAs) that distribution utilities will be undertaking.
The LNG venture is set to kick off in 2021 and is projected to be completed by 2025.
