Energy World Gas Operations Philippines Inc. secured a permit from the Energy Department to construct, own and operate a liquefied natural import terminal and regasification facility on Pagbilao Grande Island, Quezon province.
Energy World Corp. said in a disclosure to the Australia Securities Exchange Energy Secretary Alfonso Cusi issued the permit on Dec. 21, an update of the original permit documentation and which provides for a 24-month construction period from the permit issue date.
The company said this would enable the completion date for the first tank of the LNG hub to be aligned to the commercial operation of the associated 650-MW power plant and the National Grid Corp. of the Philippines switchyard expansion under construction and for the construction of the second tank.
“This permit demonstrates the continued strong support from the DoE for our LNG hub terminal at Pagbilao and will further enhance our program to bring affordable LNG to the Philippines for power generation, town gas, and transportation,” EWC chief executive Steward Elliot said.