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Project Insights

Still time to start up Philippine LNG terminal – First Gen exec

The Philippines still has enough time to bring an LNG terminal online before the Malampaya deepwater gas field is depleted, the president of local power generator First Gen Corp. has said.
By Staff reporter 29 October 2018 Asia Pacific / Exploration & Production 0 33091

The Philippines has enough time to bring an LNG terminal online before the Malampaya deepwater gas field is depleted by the mid-2020s, the Philippine Star reported Francis Puno, president of local power generator First Gen Corp., as saying on Monday.

“If the Malampaya contract ends by 2024 [and] it takes about four years [to build an LNG terminal, then] the latest we should do something [is] by 2020 onwards,” Puno said.

First Gen is planning a terminal of...