Infrastructure provider Atlantic, Gulf & Pacific International Holdings (AG&P) plans to start operations before the end of this year at what it believes will be the first LNG import terminal for the Philippines.
Speaking to TradeWinds at the Gastech meeting in Milan last week, the AG&P team said the Philippines LNG import terminal at Batangas Bay will use its Adnoc Logistics & Services-chartered LNG carrier — the 137,315-cbm Ish (built 1995) — to serve as a floating storage unit on site.
The FSU, which has been chartered in for 11 years and underwent conversion works in China, will be moved to the site by November. It will be semi-permanently moored alongside the berth and capable of simultaneously loading from visiting LNG carriers and discharging to the shore.
Regasification equipment is sited onshore.
Group company Gas Entec undertook the engineering, procurement and construction work on the project, which will have a capacity of around five million tonnes per annum and a gas send-out rate of 504 million standard cubic feet per day (MMScfd).
Karthik Sathyamoorthy, president of LNG terminals and logistics at AG&P, said delivered regasified LNG will be distributed by containers, trucks or directly into the grid as send-out.
Two onshore LNG storage tanks are being constructed as part of a second phase of the project.
Joseph Sigelman, chairman and chief executive at AG&P, said LNG supply for the project has been contracted.
He declined to give details on this but said the contract was with a global supplier and aggregator.
Sigelman, who was looking at fresh site pictures of progress on the project, said $280m of project finance had been put in place for Philippines LNG in six months.
Plans to put an LNG import terminal into operation in the Philippines have been ongoing for years. At one point, at least seven projects were in the works.
One of the most furthest advanced of these is First Gen’s project for Batangas City, which will use an FSRU chartered from BW LNG.
On 7 September, subsidiary First Gen LNG Corp announced its intention to rename the 162,400-cbm BW Paris (built 2009) — the FSRU that will be used for the project — as the BW Batangas.
The regas unit is chartered to First Gen LNG for five years. The company said it is targeting a planned start-up date by mid-year or early in the third quarter of 2023.
