MANILA, Philippines, March 8 (Bernama-BUSINESS WIRE) — Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import and regasification terminal in Batangas Bay on the main island of Luzon, called the Philippines LNG (PLNG). PLNG will store LNG and dispatch natural gas to power plant, industrial and commercial customers and other consumers, opening up for the country a new era of clean, efficient fuel and doing its part for the Philippines to compete for and win investment and jobs in the years to come.
PLNG will have the initial capacity to deliver up to 3.0 MTPA of regasified LNG, with additional capacity for liquid distribution. On day one, PLNG will have scalable onshore regasification capacity of 420mmscfd and almost 200,000cbm of storage that will ensure high availability and reliability of natural gas for its customers. AG&P has already completed its pre-development work for PLNG, which is expected to be commissioned by summer 2022.
