Further tomy earlier post, the 19 Aug 2020 DoE report, also provides target operationdates, capacity as well as total construction costs for each of the 4 lngprojects. From this data (table 24 below) it is clear that the project costsfor the FGEN and EWC projects are well below the other 2 projects, with Exeleratecosting twice as much and Batangas 5 times as much (on a per mtpa basis).
Table 24. POTENTIAL INVESTMENT IN THE DEVELOPMENT OF LNG TERMINAL
Project
Target Operation
Location
Capacity
Total Construction Cost
(in Million PhP)
FGEN LNG Corporation
Floating Storage & Regasification Unit (FSRU) Terminal
2022
Barangays Sta. Clara, Sta. Rita Aplaya, and Bolbok in Batangas City
5.26 MTPA
13,284
Excelerate Energy L.P.
Floating Storage Regasification Unit (FSRU) Terminal
2022
About 9.5 km offshore in Bay of Batangas
1.5 MTPA
6,387
Energy World Gas Operations
Philippines Inc
LNG Storage and Regasification Terminal
2022
Barangay Ibabang Polo, Pagbilao Grande Island, Quezon Province
3 MTPA
7,408
Batangas Clean Energy, Inc
LNG Storage and Regasification Terminal
2025
Barangay Pinamucan-Ibaba, Batangas City
3 MTPA
37,553
It is also pleasing to note that Energy Secretary AlfonsoCusi is now closely monitoring theses projects’ progress so that the proposedcommissioning targets can be met.
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