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Brunei LNG Reaches Deal with Japan

Petroleum Exploration

BRUNEI BRUNEI LNG has announced it will begin The government of Brunei holds a 50% inter-
supplying liquefied natural gas (LNG) to Japan est in Brunei LNG. Mitsubishi and Shell each
The amount that will Petroleum Exploration Co beginning in April. have 25% stakes in the company. ™
be supplied has not yet The amount supplied and length of the contract
been revealed. have not yet been revealed.
Japan is Brunei LNG’s largest market. Bru-
nei provides 6% of Japan’s LNG making it the
country’s sixth largest supplier. The company
has reached deals already with Japanese utility
companies Tokyo Gas, Osaka Gas, and JERA.
“We are looking to see whether there are
mutually beneficial opportunities in the future
that we can explore,” managing director and
CEO Farida Talib of Brunei LNG told Nikkei.
Brunei LNG currently sources feedstock gas
from two gas fields but has indicated that Mit-
subishi Corp and Malaysia’s state-owned oil
company Petronas are in midst of developing a
new gas field in the country.
This comes as fears have arisen that the com-
pany’s natural gas could be at risk of production
cuts as a result of rising extraction costs.

Philippines approves seventh LNG terminal

amid preparations to ramp up imports

PHILIPPINES THE Philippines has taken a key first step in proposed LNG import terminals in the country.
launching its LNG industry with the green light Three of the government-approved LNG termi-
Commercial operation being given by the Department of Energy (DOE) nal projects are to begin commercial operations
is expected to start in for a small-scale liquefied natural gas (LNG) before the end of the year.
the first half of 2024. terminal. The Philippines has turned its attention to
The $67 million Mariveles LNG terminal the LNG market as the Malampaya gas field in
located in Bataan province will be developed by the South China Sea is expected to be depleted
Samat LNG Corporation after receiving a notice by 2027. The country is also engaging in explo-
to proceed from the DOE. Authorities hope ration efforts for new gas resources to fill the
commercial operation can begin in the first half gap as it begins to phase out coal-fired power
of 2024. plants.
Upon completion, the terminal will be able Linseed Field Corp is aiming to complete its
to handle between 200,000 to 400,000 tonnes of first integrated LNG import terminal in March,
LNG annually. It will be used to supply gas to fuel with commercial operation slated to begin in
small-scale power producers, transport fleets, as April. Meanwhile, FGen LNG Corp is expected
well as manufacturing companies. to commission its LNG terminal in March with
The Mariveles project is one of seven commercial operations to begin in June. ™

Week 04 27•January•2023 www. NEWSBASE .com P9