Economy · August 6, 2022

Samat looks for the DOE node for the LNG terminal

The Department of Energy (DOE) has received an application from Samat LNG Corp. to proceed with its plan to build a liquefied natural gas (LNG) terminal in Mariveles, Bataan.

“The company is looking for the necessary regulatory approvals and investment incentives that will allow it to proceed with the development and construction of the Mariveles LNG terminal together with the sea pier, trucking operations and satellite installations and all related activities to bring the LNG safely to all of its long-term customers, ”the company said on its website.

A check with the DOE confirmed that Samat LNG requested a Notice to Proceed (NTP) from the agency.

“This is a new applicant, so they filed for NTP,” said Rino Abad, DOE director for the oil industry management office.

Should it proceed with its LNG plans, Samat Mariveles LNG said it would be the first small-scale LNG terminal in the country. The proposed terminal would be designed to handle around 200,000-400,000 tons of LNG per year.

The company is led by its president and founder, Captain Roy Watson, who is based in Manila.

Samat LNG was founded in 2020 in the Philippines to develop, own and operate LNG import terminals along with the receiving, storage, distribution and wholesale marketing of LNG in the Philippines primarily to industrial and commercial customers for the feeding and transportation of fuel.

Six LNG projects have already received the green light from the DOE. These are the FRSU (Floating Storage Regasification Unit) terminal and the LNG terminal of FGEN LNG Corp .; FSRU and Linseed Field Power Corp. onshore regasification; Energy World Corp.’s LNG storage and regasification terminal project, Excelerate Energy LP’s FSRU LNG terminal, Shell Energy Philippines Inc.’s FSRU terminal project, and Vires Energy Corp’s FSRU terminal.

First Gen said last June that it had requested the DOE to extend the validity of its permit to build its LNG offshore terminal until March 23, 2023 from September 23, 2022.

The Linseed LNG project, meanwhile, could be put into service within the year.