Shell Energy Philippines is reportedly planning to invest PHP3.5bn ($66m) to build a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines.
The project is planned to be developed within Philippines Shell Petroleum’s (PSPC) Shell Tabangao import terminal.
The project involves reviving the planned LNG import terminal, which was first proposed in 2013 through Tabangao Realty (TRI), Shell Energy said in a filing with the Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB).
The original project was put on hold due to issues such as market conditions, and development costs, among others.
Shell was cited as saying: “With the announcement of PSPC of the refinery closure and its conversion to an import facility, [Shell Energy] saw the opportunity to revive the LNG project in line with Shell’s pursuit of clean energy projects and utilise existing utilities of PSPC such as the Jetty 4.”
The revised project will include a 3.8 million tons per annum (Mtpa) floating storage and regassification unit (FSRU), and the conversion of the existing import facility Jetty 4 from a crude import jetty, to a berthing facility for the FSRU.
(Source: Tank News Int., June 17-2022, more here: www.shell.com.ph )