Quantcast
Latest Stories

Shell urges gov’t to lay down natural gas plan

By

Shell Companies in the Philippines has urged the Aquino administration to lay down the necessary programs and infrastructure that would allow investments in natural gas projects to be more lucrative and attractive to prospective investors.

In an industry forum, Shell president Edgar O. Chua cited a few recommendations that could help the country’s push for a more aggressive use of natural gas for both power and transport.

Chua noted the need to put up a one-stop shop for the natural gas industry; establish gas quality standards; provide tax incentives for the “early switchers,”and fast-track the required critical infrastructure such as the $2.1-billion Batangas-Manila (BatMan 1) natural gas pipeline project and transmission lines.

Shell is conducting a feasibility study that will look into the viability of putting up an LNG terminal hub near its refinery in Tabangao, Batangas. Should Shell push through with the project, the company will need to invest about $1 billion.

The Department of Energy, for its part, is now preparing to draft a natural gas master plan that will harmonize all the planned natural gas infrastructure by the private sector, including those by Shell, First Gen Corp. (which is building a $2.3-billion natural gas portfolio of power plants and terminal) and the state-run Philippine National Oil Co. (PNOC).

“We need to harmonize all these plans. We won’t kill the plans of the private sector. I would like to see the natural gas master plan completed in 12 months’ time,” said Energy Secretary Carlos Jericho L. Petilla.

In a briefing following yesterday’s forum, Petilla explained that the master plan would cover a number of issues, policies and other concerns, including proposals put forward by Shell, noting that the Department of Energy would support anything that could encourage more energy players in the country.

The government is embarking on its own natural gas project—the BatMan 1 pipeline project—as it is bent on pursuing the massive use of alternative fuels given the current global oil price volatility.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter

Other Stories:

No related posts found!


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Edgar O. Chua , Shell Companies

  • kismaytami

    Susme! Sa laki ng tubong lugaw na kinikita ng cartel niyo sa langis eh nakuha nyo pang manghingi ng tax incentives.

  • http://twitter.com/wadjitzain coty

    DOE sucks!

  • http://profile.yahoo.com/OJNATN4KHKDPJ47Y4RGR3EXYVQ WindTalker

    Ang tagal naman! 2010 pa yan nung sabihin uumpisahan na yung BATMAN1, BATMAN2 and BATCAVE projects. until now master plan pa din?..Guys, you need to step it up! Sheeeze…



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Seabed search for missing Malaysian jet to widen
  • Lacson rejects calls to name ‘pork’ execs
  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Corruption not invincible after all
  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • Global Nation

  • Filipinos second-shortest in Southeast Asia
  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • Marketplace