Petronas announces project to export LNG to Asia
Malaysian national oil company Petronas has announced a multibillion dollar plan to extract, liquefy and export natural gas in western Canada to energy-hungry markets in Asia, officials said.
Malaysian national oil company Petronas has announced a multibillion dollar plan to extract, liquefy and export natural gas in western Canada to energy-hungry markets in Asia, officials said.
First Gen Corp. has started preliminary work to prepare for the construction of $1.26 billion (roughly P51.7 billion) worth of natural gas facilities and hydropower plants.
The Department of Energy is pursuing talks with natural gas firms from Canada and Brunei for possible investments in the local natural gas sector, in preparation for the expected exhaustion of the reserves at the Malampaya gas field off Palawan by 2024
Diversifying conglomerate San Miguel Corp. is looking for a major oil or natural gas field overseas as its next major venture.
The local unit of Marubeni Corp. has expressed interest in becoming a supplier of natural gas to the Philippines, once the government is able to put in place all the necessary infrastructure that will make such an undertaking feasible for the Japanese trading giant.
The bidding for the first phase of the $2.1-billion Batangas-Manila (BatMan 1) natural gas pipeline project may be delayed anew as the state-run Philippine National Oil Co. (PNOC) has yet to conduct a study to determine the most feasible mode for the project.
First Gen Corp. of the Lopez group has set aside close to $2 billion (roughly P82 billion) to put up natural gas and hydropower projects over the next five years, in anticipation of the country’s need for additional capacities.
STANDARD & Poor’s Ratings Services expects natural gas prices to remain “regionalized” over the next few years, which would allow existing gas producers to continue enjoying a “favorable pricing power.”
Hong Kong-based Energy World Corp. Ltd. is building an impressive power portfolio in the Philippines comprising natural gas facilities and renewable energy power plants, with investments possibly exceeding $1 billion.
The Department of Energy (DOE) has identified 13 “critical” natural gas projects in Luzon, which should all be in place by 2030 to support an aggressive expansion of natural gas use in the power and transport sectors.
Lopez-led FGP Corp., a wholly owned subsidiary of First Gen Corp., on Thursday signed a $420-million, 10-year loan facility with seven banks to refinance debts and help fund the proposed 500-megawatt San Gabriel natural gas power project.
The Department of Energy said it would study the proposal of Pilipinas Shell Petroleum Corp. to take an active part in the construction of the $2.1-billon Batangas-Manila natural gas pipeline project, even as it had expressed reservation in allowing the entry of private companies in this venture.
