Regional LNG: Aboitiz plans Philippines LNG-to-Power project

Aboitiz Power Corp. subsidiary Therma Quezon Energy Inc. (TQE) proposed to develop a 1,310-MW combined cycle gas power plant in Pagbilao, Quezon and a liquefied natural gas terminal (LNG) with estimated project cost of $1 billion, Manila Standard reported on Tuesday.

TQE said in a document submitted to the Department of Environment and Natural Resources the construction of the project would start in 2025. The project is expected to ensure reliable power in the Luzon grid.

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The LNG terminal will deliver natural gas to the power plant at an estimated 1.1 million tons per annum. The terminal will safely store LNG and supply it to the power plant at the required capacity in a reliable manner.

The LNG terminal and the power plant will be located in Tayabas Bay along the coast of Pagbilao Grande Island in Barangay Ibabang Polo.

Editing by Alexander Ginting