Lloyds Energy has submitted a letter of interest to the Philippine National Oil Co. (PNOC) to participate in the selection of the agency’s joint-venture partner to design, build, finance, operate and maintain the Batangas Liquefied Natural Gas Hub in Batangas Bay Philippines.
In line with the requirements of the PNOC, Lloyds Energy also purchased the Instructions to Private Sector Participants — Eligibility Documents and confirmed their attendance to the Pre-Eligibility Conference set by PNOC on 16 November 2018.
Lloyds Energy, together with China Kaicheng Energy Limited, has a proposal for the development and construction of an integrated liquefied natural gas (LNG) hub.
PNOC is one of the three companies shortlisted by the Department of Energy to build and operate its first LNG import terminal. Lloyds Energy’s has earlier expressed its interest in pursuing several major projects with the PNOC to enhance and strengthen their relations through the establishment of joint venture agreements and maximize the potential of their expertise and capabilities to develop the LNG industry in the Philippines.
Aside from the LNG Project, Lloyds Energy intends to pursue other projects with the PNOC particularly in the development of LNG facilities, oil reserves and the training of Filipino manpower for work in LNG industries in the Philippines and overseas.