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Phoenix to benefit from CNOOC Gas

Phoenix Petroleum Philippines Inc. said Tuesday technological innovations gained from CNOOC Gas and Power Group Co. Ltd.’s liquefied natural gas projects in China will help facilitate the development of the country’s own LNG hub.

“The  development of the Tanglawan Project will be grounded on mature and technological competence,” said Phoenix senior vice president for external affairs Raymond Zorrilla.

Representatives from the oil company and PNOC recently visited the CNOOC LNG terminal in Tianjin, China to inspect the possible model facility of Tanglawan Philippine LNG Inc. after Phoenix, CNOOC G&P and state-run Philippine National Oil Co. signed an agreement last month.

“CNOOC has built nine regas terminals and threemore will be commissioned soon. They have won international awards for technological innovations. 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,” said Zorrilla.

Topics: Phoenix Petroleum Philippines Inc. , CNOOC Gas and Power Group Co. Ltd. , liquefied natural gas
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