ICTSI terminal backs Nigeria’s LNG push

“We now have two reception and regasification facilities for imported liquefied natural gas [LNG]. These facilities will support the gas-powered plants needed to stabilize the increasing volumes of variable renewable energy [R e].”

Prime energy said energy production and supply to customers exceeded Malampaya’s target, with gas sales in the second quarter reaching 280 million standard cubic feet per day (MMSCFD) against a target of 274 MMSCFD. It cited “efficient maintenance activities and integrity of equipment” as driving forces that contributed to the high sales.

The Malampaya platform, pipelines, and production systems went through a two-week maintenance work early in February.

“We are very proud of the excellent performance of the asset, enabled by the tireless commitment, ingenuity and proven capability of Prime energy employees.

We intend to maintain a reliable supply of indigenous gas to our customers while we continue the hard work of exploring for new sources to address the natural decline of the Malampaya gas field. We remain committed to being the partner of choice in providing energy sufficiency and security to the country,” Prime energy General Manager Donnabel Kuizon Cruz said in a statement.

Operating under an all-Filipino management and staff, Prime e n ergy said it continues to show its capability and competence in operating and maintaining the

This is not the first time that Malampaya has exceeded its projected revenues. From starting commercial operations in 2002 until the end of 2022, the gas production facility generated total sales of more than $13 billion against total projected sales of $10 billion for the entire duration of the project.

The Department of energy (DOe), in a statement issued Tuesday, said SC 38 has been renewed to ensure the field’s full production and to kick start the timely drilling of the nearby fields.

“This administration has also progressed in developing the country’s natural gas industry,” it said.