Linseed Field Power set to complete first integrated liquefied natural gas terminal in Batangas in June
By Alena Mae S. Flores – February 13, 2022, 7:05 pm
from manilastandard.net
Linseed Field Power Corp., a local company, is on track to complete the first integrated liquefied natural gas import terminal in Barangay Ilijan, Batangas City by June, an energy official said over the weekend.
“Linseed’s target commissioning is on track per update report with Secretary (Alfonso Cusi) last two weeks ago,” Oil Industry Management Bureau director Rino Abad said.
Abad said Linseed would likely complete the country’s first LNG project if it does not face any delays.
The DOE approved the application of Linseed in December 2021 for a permit to construct, expand, rehabilitate and modify its integrated LNG project.
It also approved the transfer of the project application from Atlantic Gulf & Pacific Company of Manila Inc. to Linseed.
AG&P will concentrate on being the project contractor.
Linseed’s LNG terminal project is estimated to cost about P14.6 billion eyed for completion by June, based on documents submitted to the Department of Environment and Natural Resources.
The terminal is designed to utilize onshore regasification and storage, supplemented with a floating storage unit. It is adjacent to the 1,200-megawatt Ilijan combined cycle power plant.
Linseed’s facility is intended to serve the Ilijan power plant and the future projects of SMC Global Power Holdings Corp. such as its 850-MW combined cycle power plant expansion.
SMCGP’s proposed 850-MW mid-merit plant is scheduled to commence operations this year.
Linseed said the Ilijan plant’s supply agreement with the Malampaya gas field would expire by June.
“Linseed is targeting to commission this import facility by June 2022 so that the power plant can seamlessly secure supply and continue its operations thereafter. Therefore, the project will contribute to the national economy, improve the quality of life of the people and meet the projected need for power in the Luzon grid,” it said.
It said that without the proposed LNG terminal, the Ilijan power plant, which supplies more than 10 percent of the 11,304-MW capacity of the Luzon grid, would have to try extending its supply agreement with Malampaya, which is not likely due to almost depleted supply available or cease operations.
