Lloyds Energy, Chinese firm eyeing LNG deal with PNOC
By Alena Mae S. Flores – September 18, 2018 at 07:10 pm
from manilastandard.net
Dubai-based Lloyds Energy and China Kaicheng Energy Ltd. plan to bid for the joint venture contract with state-run Philippine National Oil Co. to build a liquefied natural gas terminal in Batangas province.
PNOC is set to launch the solicited, competitive tender to select the joint venture partner for the 3,000-metric-ton LNG terminal this month.
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 major projects to develop the LNG industry in the Philippines.
“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, together with China Kaicheng Energy, have an existing proposal for the development and construction of an integrated LNG hub with storage, liquefaction, regasification, and distribution facility and a power plant with a capacity of 200 to 800 megawatts.
Lloyds Energy said it would also pursue other projects with PNOC particularly in the development of LNG facilities, oil reserves and the training of Filipino manpower.
Lloyds Energy also met with Energy officials to discuss their proposal. “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.
