Batangas Clean Energy LNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Batangas Clean Energy LNG Terminal is a liquefied natural gas (LNG) import terminal proposed in Batangas, the Philippines.[1]

Location

The terminal is proposed to be located in Batangas, the Philippines.

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Project details

  • Operator: Batangas Clean Energy Inc.[1]
  • Owner: Batangas Clean Energy Inc.[2]
  • Parent company: Ayala (via ACE Enexor Inc); Blackstone Group (via Gen X Energy LP)[3]
    • Formerly: Lucio Tan Group; Blackstone Group
  • Location: Batangas, Philippines[2]
  • Coordinates: 13.753910, 121.040647 (estimate)
  • Capacity: 3.0 mtpa[4]
  • Status: Proposed[1]
  • Type: Import[2]
  • Start year: 2025[2]
  • Cost: PHP 82.5 billion[5]
  • Financing:
  • FID status:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Batangas Clean Energy Inc., a company led by US investors and airline and tobacco tycoon Lucio Tan, is moving forward with a P82.5-billion investment in a liquefied natural gas terminal and 1,200-megawatt combined cycle gas turbine plant project in Batangas province. The project was certified in the end of 2020 by the Philippines Department of Energy as an energy project of national significance. It would act as a replacement source of natural gas in preparation for the depletion of the Malampaya gas field and in the face of growing domestic energy demand.[2]

The project will be located at the Himmel industrial complex and will include an LNG unloading/reloading jetty, LNG storage tank, regasification facilities, and the power plant. The project is expected to achieve financial close and start construction in July 2021. The construction period is expected to last 48 months and will include site preparation, plant construction and commissioning. The project is expected to begin commercial operations by July 2025 and will be operational for 50 years or longer.[2] Once operational, the project will have an import capacity of 3.0 million tonnes per year (mtpa).[4]

In August 2021, the project failed to apply for a permit extension, and it is considered shelved by sources.[6][7]

In November 2021, it was reported that ACE Enexor Inc (owned by Ayala) was finalizing plans to acquire 50% of shares of Batangas Clean Energy Inc. from the Lucio Tan Group, which spearheaded the project. The remaining 50% would be owned by Gen X Energy LP, a subsidiary of the Blackstone Group.[3]

As of July 2023, Enex Energy, previously known as ACE Enexor, is planning to build a Batangas LNG power plant, which will source fuel from a nearby LNG import facility.[8]

The 1,000 MW Combined Cycle Gas Turbine Power Plant Project includes an LNG Terminal, however, there are no updates on the terminal as of July 2023.[1]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 Batangas Clean Energy (2022-12-13). "Batangas Clean Energy, Inc. 1,000MW Combined Cycle Gas Turbine Power Plant Project" (PDF). doe.gov.ph.{{cite web}}: CS1 maint: url-status (link)
  2. 2.0 2.1 2.2 2.3 2.4 2.5 Alena Mae S. Flores, Lucio Tan, foreign partners pursue P82.5-b LNG project, Manila Standard, November 30, 2020
  3. 3.0 3.1 "Ayala firming up 50% stake acquisition in Tan-initiated LNG project". Manila Bulletin. 2021-11-23. Retrieved 2022-05-16.
  4. 4.0 4.1 Kathleen Anne Cruz, Environmental Impact Statement (EIS) Summary for the Public (ESP) in English - Batangas Clean Energy (BCE) LNG Terminal and CCGT Power Project, Government of Philippines Department of Energy and Natural Resources, accessed April 19, 2021
  5. "Lucio Tan's LNG venture stalled". Power Philippines. 2021-08-23. Retrieved 2022-05-16.
  6. Lectura, Lenie (2021-08-23). "Batangas Clean Energy exits liquefied natural gas race | Lenie Lectura". BusinessMirror. Retrieved 2022-05-16.
  7. "2 LNG projects reaching completion, 4 delayed -- DOE". Manila Bulletin. 2022-05-14. Retrieved 2022-05-16.
  8. "BCE to begin construction of P60B Batangas power plant in August | Power Philippines". Power Philippines. 2023-01-10. Retrieved 2023-07-11.