MANILA, Philippines — Tanglawan Philippine LNG Inc. – the prospective partnership among Phoenix Petroleum Philippines Inc., state-run Philippine National Oil Co. (PNOC) and China National Offshore Oil Corp. (CNOOC) – is looking to pattern its planned liquefied natural gas (LNG) terminal after the existing facility of CNOOC Gas and Power Group Co., Ltd. (CNOOC G&P) in Tianjin.
“CNOOC has built nine regas terminals and three more will be commissioned soon. They have won international awards for technological innovations,” Phoenix Petroleum company vice president for external affairs Raymond Zorrilla said.
“Both Phoenix and PNOC appreciated the extent and depth of knowledge of CNOOC and the credibility they bring when it comes to constructing and operating LNG terminals and developing the LNG market. The development of the Tanglawan project will be grounded on mature and technological competence,” he said.
Representatives of Phoenix Petroleum and PNOC recently visited the CNOOC Liquefied Natural Gas (LNG) Terminal in Tianjin, China to inspect the possible model facility of Tanglawan’s planned LNG hub project in Batangas, the oil firm said in a disclosure to the Philippine Stock Exchange.
The site visit comes a month after the parties signed a memorandum of understanding to explore and discuss business opportunities and cooperation in relation to the equity investment in Tanglawan.
During the site visit, Phoenix Petroleum COO Henry Albert Fadullon and PNOC president and CEO Reuben Lista met with the officials of CNOOC G&P, led by the LNG project’s general manager Shan Tongwen and technical director Peng Yanjian.
The two Filipino officials toured around the facility, checking CNOOC’s technical expertise and capability in building and running gas plants.
CNOOC’s Tianjin LNG Terminal has a storage capacity of 96 million cubic meters. It has three Submerged Combustion Vaporizers (SCVs) and four booster pumps. Together with the regasification terminal, the facility also has 31 truck loading skids.
At present, the terminal’s gas send-out production has already reached 1.5 million tons per year and provides 2.5 million tons per year for truck loading.
The Tanglawan LNG project plans a regastification and receiving terminal with a capacity of 2.2 metric tons per annum (mtpa), with commercial operations targeted to start by end 2023.
The facility will help support the demand for a clean, competitive, and environment-friendly energy source in Luzon, and provide energy security for the country.
It aims to develop a gas-fired power generation facility with up to 2,000 megawatts (MW) installed capacity, initially putting up a 1,100-MW gas-fired power plant to become the offtaker of the LNG supply.