LNG player Royal Dutch Shell is reportedly planning to set up a floating LNG import terminal near Shell’s Tabangao refinery in Batangas province, Philippines, in the next two to three years.
‘ We could make a final investment decision within the next 12 months ,’ Reuters cited Roger Bounds, the company’s Vice President Global LNG as saying.
Philippine Energy Secretary Carlos Jericho Petilla said the floating LNG project could help run a 400-600 megawatt power plant.
‘ The only way we can actually improve the (energy) mix right now is (tapping) LNG. ‘ ‘ So how important is this project? It’s extremely important ,’ he said.
[mappress]
LNG World News Staff, June 21, 2013