RFQ for Philippines LNG JV

The Philippine National Oil Company (PNOC) is seeking a joint venture partner to design, build, finance, operate and maintain a liquefied natural gas hub.

The state-owned company is seeking eligibility documents to partner on the LNG terminal in Batangas. The project will address an expected demand-supply gap and is to supply five existing power plants in Batangas and future plants in Luzon or other neighbouring islands.

Bidders are required to have been involved with projects with a capacity of at least two million tons per annum, and a track a record of raising $250m in project finance.

Bids are due by 21 December with the pre-eligibility conference scheduled for 16 November.

The Asian Development Bank is advising PNOC on the transaction.

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