Japanese Firms Show Interest in RP Natural Gas Investments

Manila Bulletin, June 10, 2003 | Go to article overview

Japanese Firms Show Interest in RP Natural Gas Investments


Byline: MYRNA M. VELASCO

A good number of Japanese firms have expressed keen interest to look at various investment opportunities in the downstream natural gas ventures, particularly the Batangas-Manila land-based gas pipeline and the conversion of the Limay and Sucat power plants.

This was disclosed by Energy undersecretary Jocot de Dios as he noted that out of the 44 companies of which they discussed potential investments in the Philippine natural gas industry at the sidelights of the 22nd World Gas Conference in Tokyo; at least 20 firms have indicated interests.

Among these are Japan Gas, Mitsui, Tokyo Electric, Mitsubishi Electric, Marubeni, Hitachi and even the Japan Bank for International Cooperation.

The Department of Energy (DoE) is laying down the policy groundworks for an advanced development of the local natural gas industry; which has achieved a big leap with the commercial operation of the Malampaya natural gas field in year 2001.

De Dios noted if the conversion of the Sucat and Limay plants would be implemented; this would already solve the forecasted capacity shortage that might hit Luzon between 2007 to 2008.

The Sucat and Limay plants are expected to serve as anchor loads for the construction of the proposed Batangas-Manila and Bataan-Manila gas pipelines.

Hopefully, this would be the solution for the expected capacity shortage in Luzon, the energy official said. …

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