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LNG project location woes stall timeline

PNOC to join Phoenix-CNOOC venture

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By Myrna M. Velasco

The planned 2.2-million tons per annum (mtpa) liquefied natural gas (LNG) terminal of Uy-owned Phoenix Petroleum Philippines, Inc. and China National Offshore Oil Corporation (CNOOC) still has hurdle on its project site, hence, the initial pre-construction timelines are being moved.

PNOC President and CEO Reuben S.  Lista.

PNOC President and CEO Reuben S. Lista.

The latest report coming from the Phoenix Petroleum-CNOOC camp had been that the entry of state-run Philippine National Oil Company (PNOC) in the triumvirate will potentially solve that obstacle.

PNOC President Reuben S. Lista hinted the state-run company would be able to help on the location concern – and once that is settled, the project is seen moving headway within this year.

The joint venture of Phoenix Petroleum and CNOOC submitted a prospective site to the Department of Energy (DOE) when it secured its notice-to-proceed (NTP) permit, but the reported agreement with another party was earlier controverted.

Based on its project timeline, the Tanglawan LNG project should have had its groundbreaking first quarter of this year – but that target already lapsed.

And with the entry of PNOC in the deal, the equity sharing of the three partners may also change – although it has been noted that this is among the details still being firmed up by the relevant parties.

In previous discussions with the media, Lista indicated that his company has a site to offer if that will eventually emerge as the decision of the project consortium for the integrated LNG and power plant projects of Tanglawan Philippine LNG Inc.

Just recently, Phoenix Petroleum Chief Operating Officer Henry Albert Fadullon and Lista visited the Tianjin LNG terminal of CNOOC in China “to inspect the possible model facility of Tanglawan Philippine LNG Inc. planned hub project in Batangas.”

The Philippine delegation met with the officials of Chinese state-owned CNOOC Gas and Power – particularly with LNG project general manager Shan Tongwen and technical director Peng Yanjian.

The Filipino firms stipulated in a media statement that they toured around the LNG facility to check on “CNOOC’s technical expertise and capability in building and running gas plants.”

The Tianjin LNG terminal of the Chinese firm has a storage capacity of 96 million cubic meters and is equipped with three submerged combustion vaporizers (SCVs) and four booster pumps.

Along with the regasification terminal, the facility also has 31 truck loading skids; and the terminal’s gas sendout production already reached 1.5 tons per year and had at least provided 2.5 million tons per year of truck loading.

Phoenix Petroleum reiterated that it is targeting its LNG terminal on commercial stream toward the end of 2023; and integrated to it will be 2,000 megawatts of gas-fired power capacity.

“The facility will help support the demand for a clean, competitive and environment-friendly energy source in Luzon and provide energy security for the country,” Phoenix Petroleum said.

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