Qatar to supply LNG to Philippines?

Energy Secretary Vincent S. Perez has revealed that Qatar has expressed keen interest to supply liquefied natural gas (LNG) to the Philippines in the near future. Aside from LNG, the energy chief said Qatar could also be a supplier of oil and other products. “We could source from them crude oil, refined products even fertilisers and petrochemicals but more importantly they want to sell us LNG in the future,” he said. The energy chief said Qatar has one of the largest gas reservoirs in the world. “Qatar has 990 trillion cubic feet (Tcf) compared to Malampaya of 2.5 to 3.5 Tcf. So you could see the magnitude,” he said. The Malampaya Deep Water Gas to Power project, located in NW Palawan, is one of the single biggest investment in the country. The appraisal and development drilling in the Malampaya field has confirmed the presence of recoverable reserves of over 23.2 Tcf of natural gas and 118 million barrels of condensate. He said the possible venture with the Qatar government presents brighter prospects for the country’s growing natural gas industry. “There are a lot of potential increase in linkages in the areas of petrochemicals, LNG in the Philippines and Qatar,” he said. Aside from Qatar, the Department of Energy (DOE) is also firming up potential oil and exploration business ventures with various government-owned and private power firms in Russia, Indonesia, and Brunei.

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