The Department of Energy said Friday it approved and issued a notice to proceed to Samat LNG Corp. for its $67-million small-scale liquefied natural gas receiving terminal and regasification facility in Barangay Sisiman, Mariveles, Bataan.
The move aims to ensure power supply in light of the impending depletion of the Malampaya natural gas reservoir in the next few years. “LNG is also considered an important source for fuel diversification as this will complement the efforts of the Malampaya consortium to optimize the sustainability of the remaining indigenous gas in the Malampaya-Camago reservoir,” the DOE said in a statement.
The NTP, signed by Energy Secretary Raphael Lotilla, directs Samat LNG to obtain the required regulatory permits from other government agencies and secure financial closing for the construction of the proposed LNG receiving terminal and regasification facility.
Samat LNG aims to start commercial operations of the project by the first half of 2024.
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