The government has called on investors to check out the potential of liquefied natural gas (LNG) in the country as it will play a vital role in the country’s energy mix and in the government’s goal to achieve energy independence.
Energy Assistant Secretary Leonido Pulido III said with Malampaya’s depletion estimated to occur in the next few years, there is an urgent need to attract more investments in the downstream LNG industry.
Aside from adding natural gas sources in the energy mix, DOE also envisions the country to be the LNG hub in Southeast Asia,” Pulido said.
The Department of Energy (DOE) has issued three notices to proceed for LNG terminal projects to Excelerate Energy L.P., Batangas Clean Energy Inc., and Atlantic Gulf & Pacific Company of Manila, Inc.
FGEN LNG Corp. and Energy World Gas Operations Philippines Inc. also received their permits to construct their LNG projects
Natural gas accounts for 21.9 percent of the country’s power generation mix in 2019, the DOE said.
Photo by PNA