Samat LNG Corp. has received the greenlight from the Department of Energy to start the development of a small-scale liquefied natural gas (LNG) receiving terminal and regasification facility in Brgy. Sisiman, Mariveles, Bataan.
Samat is investing $67 million for its LNG facility capable of importing 200,000 to 400,000 tons of LNG annually.
The project is expected to supply LNG to fuel small-scale independent power producers, manufacturing companies, and transport fleets.
LNG will be distributed to its customers by a dedicated fleet of LNG trucks, small LNG vessels, and barges within its neighboring regions.
The notice to proceed granted to Samat mandates Samat to obtain the required regulatory permits from other government agencies and secure financial closing for the construction of the proposed LNG receiving terminal and regasification facility within the next 12 months.
The target commercial operation date is by the first half of 2024.
Samat will join the other six ongoing LNG terminal developments in the country.
