Energy World Corp. said its liquefied natural gas terminal in Pagbilao, Quezon is now 90-percent complete and is set to become a hub of LNG distribution around the country once it becomes fully operational.
EWC said in an investor presentation submitted to the Australian Securities Exchange that the facility would be capable of handling 3 million metric tons per annum of LNG. It said the first tank could support 3,000 megawatts of gas-fired power plants.
“This will support our adjacent 650-MW combined cycle gas fired power plant, and provide expansion options for both EWC and its third-party gas clients,” the company said.
It said the deep water jetty of the terminal was capable of handling all sizes of LNG vessels.
“The LNG terminal at at Pagbilao will act as a hub terminal. LNG can be imported to the hub terminal and then distributed in smaller cargoes to users around the Philippines,” it said.
The company said there were multiple options for distribution including pipelines, shipping and land transport solutions.
EWC said it expected LNG demand to significantly grow once LNG became available in the country. EWC is one of the companies that submitted unsolicited proposals to state-run Philippine National Oil Co. for partnership to develop an integrated LNG facility in the country.
“We are being approached by a number of provinces and islands wishing to secure LNG supplies. We are having initial discussions with industry players on their needs for LNG,” EWC said.
EWC received an approval from the Energy Regulatory Commission to develop a point-to-point transmission facility to connect its 650-MW combined cycle gas plant to the power grid.
ERC allowed EWC to develop the P694-million transmission facility to connect its power plant to the New Pagbilao Station of National Grid Corp. of the Philippines.
Under the connection agreement with NGCP, EWC will have a “cut-in” connection to the Naga-Tayabas line for the phase one of the power plant at 200-MW capacity.
Once EWC pursues its 450 MW expansion, the implementation of the New Pagbilao station is needed. The substation will “bus-in” to the Naga-Tayabas 230 kV line.