LNGPH Consortium Plans P6-Billion Onshore Gas Storage Tank in Batangas
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The LNGPH consortium, which includes AboitizPower and Meralco, is considering constructing a P6-billion onshore liquefied natural gas (LNG) storage tank in Batangas. This proposed third tank would have a capacity of up to 180,000 cubic meters, which is equivalent to about 18 days of gas supply. This expansion follows the commissioning of two existing onshore tanks in the region.
From bworldonline.com
Why it matters
The project aims to reduce the consortium's dependence on floating storage and regasification units (FSRUs) and vessels for LNG storage. The proposed onshore tank would take an estimated 36 to 42 months to build. The consortium currently charters a floating storage unit from Abu Dhabi National Oil Co.
From bworldonline.com
Who's involved
- AboitizPowerAboitizPower is a consortium member in the LNGPH project
- MeralcoMeralco is a consortium member in the LNGPH project
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MeralcoSpeculative
Meralco might secure long-term energy supply and grid resilience through the project
- Department of EnergySpeculative
The Department of Energy may require regulatory action for the P6-billion infrastructure expansion in Batangas
Keep exploring
The entities involved
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AboitizPower
Philippine energy holding company
Nothing else this week.
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Batangas
province of the Philippines