Approval for 500 MW Integrated Natural Gas-Fired Power Plant and LNG Storage and Regasification Terminal Project in Batangas

The Department of Energy (DOE) has approved the Notice to Proceed (NTP) application of Vires Energy Corporation (VEC) for the development of their proposed Integrated Natural Gas-Fired Power Plant and Liquefied Natural Gas (LNG) Storage and Regasification Terminal Project in the province of Batangas, Philippines.

VEC proposed a Floating Storage and Regasification Unit (FSRU) with approximately 162,400 m3 of storage capacity, to be located 1.6 kilometers from the south-eastern coastline of Batangas Bay in Barangay Simlong, Batangas City. The FSRU is a converted LNG Tanker, “BW Paris”, built in 2009 with a regasification capacity of up to 3 MTPA.

The proposed LNG terminal and regasification project will consist of a Turret Mooring System for the FSRU, a 1.6km Subsea Gas Pipeline, and a 500 MW Floating Power Plant (FPP) which shall serve as an anchor market, which is, thus far, the largest floating power plant project recorded in the country. The project will also utilize a land area classified as a “Heavy Industrial Zone” for backup fuel supply of diesel fuel during gas outage events.

The target commercial operation date of VEC’s integrated LNG terminal project is in January 2023.