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DOE approves Energy World Corp’s LNG facility in Quezon

Danessa Rivera - The Philippine Star

MANILA, Philippines — Energy World Corp. (EWC), an Australia listed energy company, has secured the government’s approval to finally proceed with its much delayed liquefied natural gas (LNG) terminal facility in Quezon.

In a disclosure to the Australian Securities Exchange, EWC said the Philippine Department of Energy (DOE) has issued the permit to construct, own and operate the LNG import terminal and regassification facility in Pagbilao to Energy World Gas Operations Philippines Inc.

“This permit demonstrates the continued strong support from the DOE for our LNG hub terminal in Pagbilao and will further enhance our program to bring affordable LNG to the Philippines for power generation, town gas and transportation,” EWC managing director and chief executive officer Stewart Elliott said in a statement.

The permit, which was issued on Dec. 21, 2018, provides EWC another 24 months to construct the LNG hub from the issue date.

EWC is developing the first LNG hub terminal in the Philippines which will consist of two, full containment onshore tanks with a pumpable capacity of 130,000 cubic meters of LNG each.

The facility also consists of a dedicated jetty and marine infrastructure for the loading and unloading of LNG ships as well as regassification, control center and workshops and other ancillary facilities.

With the permit, EWC said it would be able to align the completion of the first tank of the LNG hub with the commercial operation date of its planned 650-megawatt (MW) power plant.

DEPARTMENT OF ENERGY ENERGY WORLD CORP. LIQUEFIED NATURAL GAS
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