Japan’s Tokyo Gas and the Philippines utility First Gen have received approval to build a $10 billion LNG receiving terminal in the island nation, Kallanish Energy learns.
The facility will be located in First Gen’s LNG complex in Batangas Province, south of Manila. It is the first time the Japanese gas company is investing in infrastructure in the Philippines. It owns 20% of ythe complex, with the remainder owned by First Gen, the largest natural gas consumer in the country, and part of conglomerate Lopez Group.
The Japan Times reported operations are expected to start in 2023, with an annual capacity of 5.26 metric tonnes.
First Gen is looking for alternatives to feed four natural gas-fired power plants currentl relying on domestic supply from the Malampaya field, which is expected to be depleted by 2024.
