The Philippines will receive its first LNG cargo in mid-April this year and this cargo will be used to cool down the Floating Storage Unit (‘FSU’) Ish and commission the first LNG Terminal in Batangas Bay, Philippines near Manila. In turn, the LNG power generation from the 1,200 MW Ilijan power plant is expected to significantly augment the net dependable power generation capacity of the country in the face of rapidly increasing post pandemic demand.
Vitol Asia Pte Ltd, a supply and trading unit of Vitol Group will supply this first LNG cargo to San Miguel Global Power in the Philippines from its global LNG portfolio. Vitol loaded this LNG cargo in Das Island, UAE, supplied under long term contract by its partner ADNOC, a few days ago on the 161,900-cbm LNG vessel Golar Glacier and the cargo will be delivered to the Philippines around mid-April this year.
Mike Muller, President of Vitol Asia said “We are pleased and excited to have worked closely with our partner San Miguel Global Power on this historic and first LNG cargo into the Philippines. This is a significant milestone and we look forward to bringing more LNG supply from around the world to meet the rising gas demand of the Philippines.”