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AG&P interested in buying 10% stake in Bataan LNG plant

Written by
  • Lenie L.
  • 8 years ago

 

The LNG facility will sit on a 530-hectare industrial plant in Mariveles and Limay that is owned by PNOC. Canlas said AG&P will lease a total of 250 hectares, including some areas across the park.

PNOC Alternative Fuels and AG&P have already signed a supplemental interim lease agreement for the use of the land at the industrial estate. “We have what we call a supplement interim lease agreement. Basically that’s a guarantee of exclusivity,” Canlas said.

PNOC official also said AG&P has completed the feasibility study for the LNG project.

AG&P is an industrial process outsourcing company providing fabrication and assembly, modularization and asset management services to the oil and gas, mining, power and civil infrastructure sectors.

The industrial estate, meanwhile, is owned by PNOC Alternative Fuels, formerly known as PNOC Petrochemical Development Corp. 

AG&P has informed the Energy department that testing and commissioning of the first LNG unit with an output of 1,200 MW is scheduled for October 2016, while the second unit is set for October 2018.

Source: http://www.businessmirror.com.ph/index.php/en/business/companies/20606-ag-p-interested-in-buying-10-stake-in-bataan-lng-plant

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