Dubai’s Lloyds Energy eyes Batangas LNG hub
By Alena Mae S. Flores – November 08, 2018 at 07:25 pm
from manilastandard.net
Dubai-based Lloyds Energy submitted a letter of interest to state-run Philippine National Oil Co. to participate in the selection of the agency’s joint-venture partner to design, build, finance, operate and maintain the Batangas liquefied natural gas hub.
Lloyds Energy also purchased eligibility requirements and confirmed the attendance of its representatives to the pre-eligibility conference set by PNOC on Nov. 16.
PNOC recently launched the solicited, competitive tender to select its joint venture partner to develop the LNG project in Batangas.
Lloyds Energy, along with China Kaicheng Energy Ltd., has a proposal for the development and construction of an integrated LNG hub.
PNOC is one of the three companies shortlisted by the Department of Energy to build and operate the first liquefied natural gas import terminal.
Lloyds Energy’s earlier expressed interest to pursue several major projects with PNOC to enhance and strengthen their relations through the establishment of joint venture agreements and maximize the potential of their expertise and capabilities to develop the LNG industry in the Philippines.
“Aside from the LNG Project, Lloyds Energy intends to pursue other projects with the PNOC particularly in the development of LNG facilities, oil reserves and the training of Filipino manpower for work in LNG industries in the Philippines and overseas,” the company said.
Officials of Lloyds Energy including chief operating officer David Howe and executive director Brett Wight met with PNOC president and chief executive Reuben Lista to express Lloyds Energy’s interest in pursuing the projects.
“We believe in the vision of the PNOC under the leadership of president Lista to invest not only in the development and construction of LNG facilities but also in the training of Filipino workers to improve their skills and abilities and contribute in the growth of the LNG industry in the Philippines,” said Wight.
Lloyds Energy also met with Energy Department officials recently to discuss their proposal for the development of an integrated LNG hub.
“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,” Howe said earlier.
Lloyds Energy is a Dubai-based company established in 2013 with the strategic aim of delivering LNG to the global market.
It has grown rapidly by establishing strong international alliances with LNG companies, off-takers and major engineering groups specializing in LNG.
It has a team of experts with extensive experience and credentials in the gas and oil business.
Lloyds Energy continues to expand its activities in the LNG supply chain sector through broad and innovative service offerings.
