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Shell to spend $1.6bn on LNG import, regasification terminal in Philippines

06.07.2012  | 

Shell will develop an LNG import and re-gasification terminal in the Philippines, members of the UK government confirmed. Shell is already the largest foreign investor in the Philippines at over $5 billion.

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Shell will develop an LNG import and re-gasification terminal in the Philippines, members of the UK government confirmed on Thursday.

The news broke as President Benigno Aquino III of the Philippines visited the UK this week as an official guest of the British government.

“During the visit, Shell confirmed its plans to increase its investments with an addition of over $1.6 billion for the development of an LNG import and re-gasification terminal,” the UK Foreign & Commonwealth Office said in a news release.

The precise location of the terminal was not disclosed in the report. However, other news reports said the proposed site would be adjacent to Shell’s refinery facility in Tabangao, Batangas.

The feasibility study is expected to be completed within a year with a "first gas" target date is in 2016.

Shell is already the largest foreign investor in the Philippines at over $5 billion.

President Aquino and eight of his senior cabinet ministers will next travel to the US, where they will meet with President Barack Obama.



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Herbert Lapuente
09.28.2012

This is very interesting, it will make a tramendous impact on our economical development.

As one of the part of Jotun Philippines we are willing to be specify in the pojects, we are into protective coatings of HPI industry and we are willing to take part of it.

For any concern please contact me on this number 09325346316

Herbert Lapuente
Email Address: herbert.lapuente@jotun.ph

catinus christophe
06.13.2012

that s a very good developpement for the Philippines
as a second assistant engeneer on lng regas vessel with 7 years experience on those vessel
would like to apply for a job , i am from Belgium resident in Philippines for 16 years

ROBERTO ABARILLA
06.08.2012

It's indeed a very good news and a welcomed progress development for the Philippines. Kudos to our President Aquino for his sincere efforts.

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