Phoenix-CNOOC looks to partner with PNOC to build LNG terminalMANILA, Philippines — The team-up of businessman Dennis Uy’s Phoenix Petroleum Philippines Inc. and China National Offshore Oil Corp. (CNOOC) plans to forge a partnership with state-run Philippine National Oil Co. (PNOC) for its liquefied natural gas terminal. Tanglawan Philippine LNG also aims to develop a gas-fired power generation facility with up to 2,000 megawatts (MW) installed capacity. It is initially looking to build a 1,100 MW gas-fired power plant to become the offtaker of the LNG supply. CNOOC Gas and Power is discussing the Tanglawan joint venture with Phoenix Petroleum. It consists of two, full containment, onshore LNG tanks with a pumpable capacity of 130,000 cubic meters of LNG each.

Source: Philippine Star February 14, 2019 16:00 UTC