Pilipinas Shell Petroleum Corp., the Philippine subsidiary of oil and gas giant Royal Dutch Shell Plc, signed a Memorandum of Understanding with the Philippine Government this week. The MOU commits the parties to a joint feasibility study for an import and regasification terminal for liquified natural gas (LNG) next to Shell's refinery in Batangas.
The feasibility study should be completed in 2012 with operations commencing in 2016 if the project is viable.
The Philippine Department of Energy is developing a Natural Gas Master Plan to diversify the country’s energy sources and address the increasing demand for power. The government is already pursing a $2.1 billion Batangas-Manila natural gas project.
Shell has been doing business in the Philippines since 1914 and is one of the country's largest investors. The company's existing operations in the Philippines include oil and gas exploration, production, oil refining, distribution and sales to consumers.
John Howley
New York, New York
The feasibility study should be completed in 2012 with operations commencing in 2016 if the project is viable.
The Philippine Department of Energy is developing a Natural Gas Master Plan to diversify the country’s energy sources and address the increasing demand for power. The government is already pursing a $2.1 billion Batangas-Manila natural gas project.
Shell has been doing business in the Philippines since 1914 and is one of the country's largest investors. The company's existing operations in the Philippines include oil and gas exploration, production, oil refining, distribution and sales to consumers.
John Howley
New York, New York
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