August 22, 2021 | 12:00 p.m.
Manila, Philippines – The Department of Energy is working to strengthen LNG to support energy conservation targets even after an advocate withdrew from the race to set up LNG terminals in the country.
It is pursuing cooperation at home and abroad to promote nuclear and hydrogen development in the country.
At a time when the industry is looking to contribute to the new formal economic growth, DOE Secretary Alfonso Kussi has set energy safety goals, particularly for LNG.
According to the agency, there are currently six planned LGN terminal projects below the seven canceled by the agency.
In the list is Banggas Pure Energy Inc.
The DOE-Petroleum Industry Management Bureau, which was asked for comment, said the first six months’ valid Bangangas clean energy warning (NTP) was outdated and the supporter had not applied for the next license.
Two of the six LNG terminal projects (PTC) have been licensed to build.
These are expected to start operations in the third quarter of next year. The Philippines Inc. is expected to start operations in the fourth quarter next year.
Meanwhile, according to additional extensions to DOE approval, four planned projects have been awarded by NTP.
This includes FSRU LNG Terminal of Excelerate Energy LP, floating storage and coastal rehabilitation and Manila’s Atlantic LNG storage tank project in the third quarter of next year. In the second quarter of next year, LLL Energy Philippines Inc. (SEP) The FSRU Terminal Project is scheduled to be completed by the third quarter of the next quarter, and FSRU Terminal Energy Corporation is scheduled to operate in the first quarter. 2023
These four supporters are currently obtaining the necessary permits from the relevant government agencies and financial closure prior to construction.
Kussi has long argued for the establishment of the necessary infrastructure to facilitate the LNG, in anticipation of the final depletion of the Mapia deep water gas project, which has provided about 20 percent of the country’s energy needs. To help the sector improve from its current infancy and to lead the country to a leading LNG in Asia.
Malapaya, the country’s largest gas development project, to build 3,457 megawatts of power supply to Luzon Grid. It will be completed in 2024.
In addition to the development of LGNG, Kusi is exploring other sources of energy, such as hydrogen, to use nuclear energy as a component of energy and to meet the country’s growing demand.
“It is a time to consider the potential use of nuclear energy to meet our energy needs,” said Kusi.
DOE has signed a memorandum of understanding (MoU) with the Office of Presidential Communications Operations (PCOO) and the Bureau of Communications Services (BCC) to develop a comprehensive strategic communication strategy on nuclear energy.
Stratcom’s plan is to develop a comprehensive strategy designed to address the negative perceptions of nuclear energy stakeholders.
DOE is considering a possible partnership with France after a Paris-based company expressed interest in the partnership.
Energy security can be complicated by the current global health crisis. However, DOE is seeing that we can continue. The department continues to pursue all avenues that will help us break free from energy imports and provide future energy needs to future generations of Filipinos, ”Kusi said.
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