Shell's Philippine LNG Terminal Expected in 2-3 Years

Royal Dutch Shell aims to build the Philippines’ first liquefied natural gas (LNG) import terminal in the next two to three years, Reuters reported.

The terminal will be a floating facility near Shell’s Tabangao refinery in Batangas province.

“We could make a final investment decision within the next 12 months,” Reuters quoted Roger Bounds, Vice President Global LNG at Shell.

He declined to give any figures for the investment or other details of the project.

A final decision for Shell to invest in the Philippines project would depend on regulatory approvals and off-take agreements that the company can sign, Reuters said.