Global firm Lloyds Energy has expressed interest in participating in the liquefied natural gas project in the Philippines, according to the Energy Department.
“They [Lloyds] underwent pre-application conference, but no application yet,” Energy Undersecretary Leonido Pulido III said.
Lloyd officials met with DoE officials recently to discuss a proposal for the development of an integrated LNG hub.
The LNG facility will include a terminal and power plant with a capacity of 200 to 800 megawatts.
“The development of the LNG hub in the Philippines is a major achievement that would ensure the country’s gas supply and address the demand for increased energy given the high growth economy,” Lloyds Energy chief operating officer David Howe said.
Lloyds Energy teamed up with China Kaicheng Energy Ltd. for its LNG plan under the DOE’s Philippine Downstream Natural Gas Regulation.
Other Lloyds Energy officials who visited the Philippines were chairman Chalid Arrab and executive director Brett Wight.
Lloyds Energy previously submitted an unsolicited proposal to state-run Philippine National Oil Co. for the PNOC Batangas Bay Energy Hub Project. All unsolicited proposals, including that of Lloyds, did not pass criteria set by the government.
Lloyds Energy is a Dubai-based company established in 2013 with the strategic aim of delivering LNG to the global market.
It grew rapidly by establishing strong international alliances with LNG companies, off-takers and major engineering groups specializing in LNG.