By CRIS LARANO
MANILA -- Royal Dutch Shell is considering building the
Philippines' first liquefied natural gas import terminal, Shell
International's vice president for global LNG Roger Bounds told
a news briefing Friday.
If the company goes ahead with the project, the terminal
will be a floating facility near Shell's refinery in Batangas, a province
just south of Manila, Mr. Bounds said.
He didn't provide details of the feasibility study or the
investment required for the project. He said a decision to
pursue the project will be made within the next
Aside from the oil refinery -- one of only two
operating in the Philippines, Shell also owns the landing
terminal of the natural gas from the Malampaya field, which
started commercial operation in 2002.
Natural gas from Malampaya, which is transported via a
500-kilometer submarine pipeline to Batangas, is used to fuel
three power plants that together could generate 2,700
megawatts. Shell plans to invest $1 billion to extend the life
of Malampaya to 2039 from the current projection of 2024.
The Department of Energy wanted an LNG facility to diversify
the source of energy in the country, whose base load capacity
is primarily fueled by coal.
Dow Jones Newswires