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Lloyds Energy, partner eye PNOC LNG hub project

/ 05:16 AM November 09, 2018

Lloyds Energy, in partnership with China Kaicheng Energy Ltd., yesterday said it had  formalized its bid to be Philippine National Oil Co.’s partner in building a liquefied natural gas (LNG) hub and power plant complex in Batangas.

The Dubai-based company said in a statement that it had submitted to PNOC a letter of interest to participate in the selection of the state firm’s joint-venture partner to design, build, finance, operate and maintain the LNG complex.

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“In line with the requirements of the PNOC, Lloyds Energy also purchased the (eligibility documents) and confirmed their attendance to the preeligibility conference set by PNOC on Nov. 16,” the company said.

Lloyds Energy and China Kaicheng intended to submit a proposal for the development and construction of an integrated LNG hub with storage, liquefaction, regasification and distribution facility, as well as a power plant with capacity of 200 megawatts to 800 MW.

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Lloyds Energy was also one several companies that earlier this year submitted to PNOC an unsolicited proposal for the same purpose.

However, PNOC announced in September that it had opted not to entertain any unsolicited proposal but would instead find a partner by way of an open tender.

Aside from the LNG Project, Lloyds Energy said it intended to pursue other projects with PNOC, particularly in the development of LNG facilities, oil reserves and the training of Filipino manpower for work in LNG industries in the Philippines and overseas.

“We believe in the vision of the PNOC…to invest not only in the development and construction of LNG facilities but also in the training of Filipino workers to improve their skills and abilities and contribute in the growth of the LNG industry in the Philippines,” Lloyds Energy executive director Brett Wight said in September.

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TAGS: China Kaicheng Energy Ltd., Liquefied Natural Gas (LNG), Lloyds Energy
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