Shell Energy Philippines is planning to invest PHP3.5bn (USD 66M) to build a liquefied natural gas (LNG) import terminal in Batangas City, the Philippines.
The project is planned to be developed within Pilipinas Shell Petroleum’s (PSPC) Shell Tabangao import terminal.
The project involves reviving the planned LNG import terminal through Tabangao Realty (TRI).
The original project was put on hold due to issues such as market conditions, and development costs.
The revised project will include a 3.8 million tons per annum (Mtpa) floating storage and regasification unit (FSRU), and the conversion of the existing import facility Jetty 4 from a crude import jetty, to a berthing facility for the FSRU.
It will also include a pressure reduction metering station (PRMS), subsea and onshore gas pipelines, pigging stations, and an ignitable vent.
The proposed Shell LNG Project is aimed at addressing the gas shortfall that would result from the depleting Malampaya field.
Shell Energy is securing an environmental compliance certificate (ECC) for the proposed project in Q3 2022.
Following this, the firm plans to start pre-construction within the next year, followed by full construction work in Q1 2024.