DOE Gives Go-Signal for $67M LNG Terminal

The Department of Energy (DOE) has recently given its approval to the proposed establishment of a small-scale liquefied natural gas (LNG) terminal located in Mariveles, Bataan by the start-up firm Samat LNG Corporation.

The proposed facility will have an estimated cost of around ₱3.6 billion or $67 million. The LNG terminal is expected to begin commercial operations in the first half of 2024.

The blueprint of the project submitted to the DOE highlighted that the LNG terminal is planned to have a handling capacity of an estimated 200,000 to 400,000 tons of LNG per year and  “it is expected to supply LNG to fuel small-scale independent power producers, manufacturing companies, and transport fleets.”

The firm is headed by Roy T. Watson who has more than 20 years of work experience in the LNG sectors of Southeast Asia.

The parent company of Samat LNG Corp is Tectoroe Pte. Ltd. which is based in Singapore and incorporated back in 2022.

The DOE highlighted that the notice-to-proceed (NTP) given to Samat LNG will provide the project-developer firm “to obtain the required regulatory permits from other government agencies and secure financial closing for the construction of the proposed LNG receiving terminal and regasification facility.”

“Small-scale LNG terminals, which are modular and can be constructed quickly, are ideal for an archipelagic nation such as the Philippines,”  mentioned the DOE and added that this “can supply fuel for off-grid and on-grid capacities.”

The DOE likewise noted that “an important source for fuel diversification as this will complement the efforts of the Malampaya consortium to optimize the sustainability of the remaining indigenous gas in the Malampaya-Camago reservoir.”

Source: Manila Bulletin