Vires Energy Corp. receives approval to build integrated LNG terminal project in Batangas

The Department of Energy (DOE) has approved Vires Energy Corp.’s (VEC) Notice to Proceed (NTP) application for their proposed integrated LNG terminal project in Batangas.

The project will feature 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 unit itself is a converted LNG Tanker called ‘BW Paris’ that was built in 2009 and has a regasification capacity of up to 3 MTPA.

Additionally, the project will feature a turret mooring system for the FSRU, a 1.6km Subsea Gas Pipeline, and a 500MW floating power plant (FPP), which will act as an anchor for the terminal. The project will also make use of a ‘Heavy Industrial Zone’ land area for backup fuel supply during gas outage events.

“The proposed integrated natural gas-fired power plant and LNG storage and regasification terminal project of Vires Energy Corporation will boost the attainment of our vision to develop the Philippines as an LNG hub in the South East Asian region,” said Philippines DOE Secretary Alfonso G Cusi.

VE’s integrated LNG terminal project is expected to be up and running by January 2023.

SOURCE: Hydrocarbons Techonology