Excelerate get approval for Bay of Batangas FLNG

Texas-headquartered Excelerate Energy has received approval from the Philippine Department of Energy (DOE) to proceed with a floating LNG import terminal in the Bay of Batangas.

The project, named Luzon LNG, will supply LNG to gas-fired power plants in the region that provide electricity to Luzon, including Metro Manila.

Daniel Bustos, chief commercial officer of Excelerate Energy, commented: “We look forward to working with the government and private sector for the successful completion of the project that will enable Excelerate to invest in critical infrastructure allowing the country to continue on its current path of tremendous economic growth.”

Excelerate will develop, design, permit, construct, finance, and operate the terminal.