By Alena Mae S. Flores – October 31, 2018 at 08:35 pm
The Department of Energy expects to award to the winning consortium the development of the country’s first liquefied natural gas hub by November, a top official said Wednesday.
“Hopefully, yes in November,” Energy Secretary Alfonso Cusi said, when asked when the government planned to award the LNG hub project to the winning bidder.
Cusi said three serious proponents were eyeing the project, including state-run Philippine National Oil Co., China National Offshore Oil Corp. and Tokyo Gas together with their joint venture partners.
CNOOC teamed up with Phoenix Petroleum Philippines under joint venture company Tanglawan Philippines LNG Inc., which previously submitted a technical and financial proposal to develop the country’s first LNG hub.
Tanglawan was asked to resubmit its proposal to the DoE as they had a problem with their Securities and Exchange Commission documents.Phoenix, a company led by businessman Dennis Uy, signed a memorandum of understanding with CNOOC Gas and Power Group Co. Ltd., a subsidiary of CNOOC, China’s largest LNG importer and terminal operator in June to study, plan and develop a LNG receiving terminal project in the Philippines.
Data from DoE showed that Tanglawan was the 18th company to apply for pre-application conference with the agency.
The other companies are Lloyds Energy, PhilLNG Lte. Ptd., BKB consortium, Cleanway Energy Development Corp., First Gen Corp., Tokyo Gas Corp., China National Offshore Oil Corp., Philippine National Oil Co., Vires Energy Corp and SK E&S Co. Ltd.
Other companies were Transformation Ltd., Carmine Energy PTE Ltd., Atlantic Gulf & Pacific of Manila, Jera Co. Inc., Limay LNG Power Corp., Kepco E&C and Osaka Gas Co. Ltd.
Cusi wanted the Philippines to become an LNG hub in Southeast Asia because of its strategic location.