ASEAN KEY DESTINATIONS
October 11, 2007
PTT eyes $700mn Philippine gas pipeline project
Thailand's PTT PCL has signed a deal with the Philippine National Oil Co (PNOC) to study the construction of two natural gas pipelines and three terminals at an estimated cost of up to $700 million, company officials said on Wednesday.
Siripong Phoungpaka, PTT Philippines Corp president, told reporters Thailand's top energy firm has started to look at financing proposals for a 300-km (186-mile) pipeline project that would link more consumers to the Malampaya natural gas field in Palawan province, southwest of Manila.
The project involves the construction of a pipeline from Batangas province south of Manila to the capital and another one to the western Bataan province.
"We may integrate a power plant and an NGV (natural gas vehicle) facility where you can put up the station along the pipeline," Siripong said.
"This is more advantageous for the Philippines compared to Thailand, because in Thailand, we need to put up tanks and haul the NGV to 300 different stations. In the Philippines, you can connect directly from the line," he said.
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