Philippines signs NTP to Batangas City LNG terminal
Philippine government has signed a notice to proceed (NTP) to build a liquefied natural gas (LNG) import terminal to be developed within the facility complex. The proposal was submitted by First Gen Corp. The facility is located in Batangas province.
First Gen and Tokyo Gas Co. had agreed jointly to develop the facility. Tokyo Gas will take 20% while First Gen will take 80% ownership of the project. The partners received the clearance to construct the facility on 21 Dec. 2018. The said project is vital to secure the country’s energy once the Malampaya gas field is depleted.
Country updates
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January 19, 2019
Competition watchdog clears Kepco's buy into Solar Philippines unit
The Philippine Competition Commission (PCC) has approved Kepco Philippines Holdings, Inc.’s acquisition of shares in Solar Philippines Calatagan Corporation. PCC has cleared Kepco’s...
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October 25, 2018
Tender launched for US$2 billion LNG project in the Philippines
The Philippine National Oil Company (PNOC) is seeking a joint-venture partner to design, build, finance, operate and maintain a liquefied natural gas (LNG) hub in Batangas Bay, located in Ba...
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September 28, 2018
AboitizPower signs purchase agreement for 49% voting stakes and 60% interest in Ayala Corp's AA Thermal Inc
Aboitiz Power Corp. has entered into a share and purchase agreement with the Ayala Corporation for the proposed acquisition of a 49% voting stakes and 60% interest in Ayala power unit’s the...
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August 28, 2018
AboitizPower to expand 750 MW geothermal complex in the Philippines
AP Renewables, Inc. (APRI), a wholly-owned subsidiary of AboitizPower, has signed a Geothermal Resources Supply and Services Agreement (GRSSA) with the Philippine Geothermal Production Compa...
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July 05, 2018
Poyry has won an engineering, procurement and construction (EPC) contract for the project
Poyry has won an engineering, procurement and construction (EPC) contract for the project. Equipment supply is also covered in the contract. The value is not disclosed
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