Shell Companies in the Philippines remains committed to put up a liquefied natural gas facility in the country.
“We’re looking at putting up a company that’s going to invest in LNG import facility, LNG business. The size of that will depend on demand that we see in the market and also what type of facility we will put in, [whether] it is a floating storage and regassification unit or an onshore facility. Second, are we going to do it all by ourselves or with partners and what is the phasing of all this,” Shell outgoing country chairman Ed Chua told reporters.
Chua said Shell was “quite flexible” on how it would pursue the LNG investments.
Shell earlier announced plans to put up the LNG facility in Batangas in preparation for the eventual depletion of the Malampaya natural gas reserves in northwest Palawan by 2024.
“It can be something in partnership with one or more partners… It is something we’re very much interested in because we believe LNG provides a very good, clean alternative as far as fuel for the future is concerned,” Chua said.
Shell Philippines Exploration B.V. general manager Sebastian Quinones earlier said Shell would make the final investment decision on the planned LNG facility by 2017.
