The complex situation arose due to the absence of a firm gas supply agreement between different stakeholders like LNG
importers, gas utilities and power producers.
The barge will have capacity of 5,400 cubic meters (cbm) of LNG
stored in four 1,350-meter tanks.
Train 1 is part of Phase one of the Cameron LNG
liquefaction-export project that covers a projected export capacity of 12 million tonnes per annum of LNG
, or around 1.7 billion cubic feet per day of natural gas.
hub will be built in the First Gen Clean Energy Complex (FGCEC) in Barangays Santa Clara, Santa Rita Aplaya and Bolbok, Batangas City, under the management and ownership of FGEN LNG
At present, two LNG
terminals are handling over 1100 mmcfd LNG
This was expected as there has been a surge in the demand for LNG
around the world.
Amin Nasser, Saudi Aramco's CEO & President, said,"The agreement with Sempra LNG
is a major step forward in Saudi Aramco's long term strategy to become a leading global LNG
It also includes the negotiation and finalisation of a 25% equity investment in Phase 1 of Port Arthur LNG
, said a statement.
He said that the firm has strictly followed the LNG
Policy 2011 including PQA guidelines for the establishment of LNG
project on a build-operate-and transfer basis and has also completed technical studies by incurring a cost of $10 million but the PQA has failed to award the LoI.
Aramco doesn't currently produce LNG
, and any such sale would be first of its kind.
PQA has identified Jharri Creek/ChanWaddo area for establishment of additional LNG
terminal because locating LNG
terminal in this place will have no adverse impact on normal port traffic as the site is on alternative channel away from the main port which would be connected through a pipeline network of about 25 KMs.