Batangas Clean Energy LNG Terminal

From Global Energy Monitor
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Batangas Clean Energy LNG Terminal is a proposed LNG terminal in Batangas, Philippines. As of August 2021, it is considered shelved.

Location

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Project Details

  • Owner: Batangas Clean Energy Inc.[1]
  • Parent company: Ayala (via ACE Enexor Inc); Blackstone Group (via Gen X Energy LP)[2]
    • Formerly: Lucio Tan Group; Blackstone Group
  • Location: Batangas, Philippines[1]
  • Coordinates: 13.753910, 121.040647 (estimate)
  • Type: Import[1]
  • Capacity: 3.0 mtpa[3]
  • Status: Shelved[1][4][5]
  • Start Year: 2025[1]
  • Cost: PHP 82.5 billion[6]

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.[1]

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.[1] Once operational, the project will have an import capacity of 3.0 million tonnes per year (mtpa).[3]

In August 2021, the project failed to apply for a permit extension, and it is considered shelved by sources.[4][5]

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.[2]

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Alena Mae S. Flores, Lucio Tan, foreign partners pursue P82.5-b LNG project, Manila Standard, November 30, 2020
  2. 2.0 2.1 "Ayala firming up 50% stake acquisition in Tan-initiated LNG project". Manila Bulletin. 2021-11-23. Retrieved 2022-05-16.
  3. 3.0 3.1 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
  4. 4.0 4.1 Lectura, Lenie (2021-08-23). "Batangas Clean Energy exits liquefied natural gas race | Lenie Lectura". BusinessMirror. Retrieved 2022-05-16.
  5. 5.0 5.1 "2 LNG projects reaching completion, 4 delayed -- DOE". Manila Bulletin. 2022-05-14. Retrieved 2022-05-16.
  6. "Lucio Tan's LNG venture stalled". Power Philippines. 2021-08-23. Retrieved 2022-05-16.

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External resources

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