Samat LNG Corp. signed a long-term lease agreement with state-owned Philippine National Oil. Co. for 4.5 hectares of land at
Samat LNG will use the land for its small-scale liquefied natural gas receiving terminal and regasification facility.
“Our aim is to bring LNG to the Philippines, enabling companies and others to change over from diesel to cleaner, more affordable gas as a fuel for power generation, manufacturing and as a transportation fuel,” Watson said earlier. Samat’s LNG project will be capable of importing 200,000 to 400,000 tons of LNG annually and is expected to supply LNG to fuel small-scale independent power producers, manufacturing companies and transport fleets.
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