Vires FSRU

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Vires FSRU is a cancelled (confirmed) LNG import terminal in Philippines.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Vires FSRU	Barangay Simlong, Batangas City, Batangas, Philippines	13.661629, 121.050747 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Vires FSRU	import	cancelled (confirmed)	3 mtpa	3.0 mtpa	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Vires FSRU	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Vires FSRU	import	cancelled (confirmed)	–	–	–	2026	2024 (cancelled)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Vires FSRU	import	cancelled (confirmed)	Vires Energy [100%]	A Brown Co Inc [100.0%]	–

Table 6: Vessel ownership

Name	Facility type	Status	Vessel owners
Vires FSRU	import	cancelled (confirmed)	BW Group

Background

In April 2021, the Department of Energy (DOE) in the Philippines approved Vires Energy’s (VEC) notice to proceed (NTP) application for the proposed integrated LNG project in the province of Batangas. The proposal included the construction of a liquefied natural gas (LNG) storage and regasification terminal.

VEC proposed a floating storage and regasification unit (FSRU), with nearly 162,400m³ capacity at a site located 1.6km from the south-eastern coastline of Batangas Bay in Barangay Simlong, Batangas City. The FSRU was a converted LNG Tanker called ‘BW Paris’, which was built in 2009. It has a regasification capacity of up to 3 MTPA.

The proposed LNG terminal and regasification project would feature a turret mooring system for the FSRU, a 1.6km Subsea Gas Pipeline, and a 500MW floating power plant (FPP), which would act as an anchor market.

Additionally, the project would make use of a land area, which was classified as a ‘Heavy Industrial Zone’ for backup fuel supply during gas outage events.

VE’s integrated LNG terminal project was expected to come online in January 2023.

As of July 2023, as per the latest update in the Energy Sector Updates by the Department of Energy, the project was to be commissioned in April 2026.

In September 2024, Vires announced that it was withdrawing its notice to proceed (NTP), issued in 2021, for the project, which included the VEC/Brown power station. The developer planned to keep the plans for the power station and only scrap the LNG terminal; it intended to instead import gas through the country's pipeline network.

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Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.