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PNOC receives four LNG offers

State-run Philippine National Oil Co. received new unsolicited proposals for joint venture partnerships in the country’s first liquefied natural gas integrated project.

PNOC spokesman Ryan Tanjuatco cited four unsolicited proposals with the company to date.

These are Lloyds Energy Group (which is currently being evaluated), Chinese China National Offshore Oil Corp., First Gen Corp. and PT Jaya Samudra Karunia of Indonesia.

Lloyds is a Dubai-based firm specializing in LNG development, while CNOOC is one of the China’s biggest energy companies. CNOOC initially submitted an offer to the Energy Department before revising its proposal to PNOC.

CNOOC also has a pending application with the government to team up with state-run PNOC Exploration Corp. in service contract 57 in offshore Northwest Palawan.

Topics: oil company
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