Tycoons to Complete PhI's 1st Onshore LNG Storage

Business titans Manuel V. Pangilinan, Ramon Ang and Sabin Aboitiz are set to complete the first onshore liquefied natural gas (LNG) storage facility in the Philippines by the end of next month.

- By Brix Lelis

South Premiere Power Corp. (SPPC) and Excellent Energy Resources Inc. (EERI), the natural gas plants controlled by the tycoons, will implement a scheduled shutdown from March 29 to 31, according to the Department of Energy.

The DOE said the temporary shutdown is essential for the vital mechanical work at Linseed Field Corp.'s LNG terminal, a crucial step toward the completion of the onshore LNG storage tank.

"The LNG terminal is expected to resume sending out gas, enabling EERI to synchronize to the grid by 8:30 p.m. on Sunday, while SPPC Block 1, which requires a longer start-up period, is expected to synchronize by 9 p.m. on the same day," the DOE said.