Energy World Corp. starts capital raising to complete LNG projects in the Philippines and Indonesia
Energy World Corp., the Australian-listed company with LNG and power projects in the Philippines and Indonesia, has launched a capital-raising operation among shareholders and is seeking loans from financial institutions to help complete its various ventures.
Energy World Corp. continues with Philippines LNG project and plan to reactivate Australian gas fields
Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making slower than expected progress on its Philippines LNG import terminal in Quezon Province because of the Covid-19 pandemic.
Energy World Corp. given a Philippines permit to operate LNG hub and terminal in Pagbilao
Energy World Corp, the Hong Kong-based and Australian-listed liquefied natural gas projects developer, said it had been given a Philippines permit to operate its LNG hub and terminal in Pagbilao in Quezon Province and would now complete some other facilities.
The company’s shares on the Australian Securities Exchange jumped 3.57 percent on January 2 on the news of the permit award from Manila.
EWC said the permit was handed over by the Secretary of Energy of the Philippines, Alfonso G. Cusi.
“The permit forms an update to the original permit documentation and provides for a further construction period of 24 months,” said EWC.
EWC explained that the permit would enable the start of operations of the first LNG storage tank to be aligned to the commercial start-up of the associated 650 megawatts gas-fired power plant and the completion of other facilities, including a second LNG tank.
“This permit demonstrates the continued strong support from the DOE for our LNG hub terminal at Pagbilao and will further enhance our program to bring affordable LNG to the Philippines for power generation, town gas and transportation,” said EWC founder and senior director Stewart Elliott.
Construction work at Pagbilao has seen the completion of the LNG terminal jetty and regasification infrastructure as well as one storage tank.
EWC is also building a small-scale liquefaction plant in Indonesia where it has a natural gas production-sharing contract.
The company's project involves a 315MW gas-fired power plant at Sengkang on the South Sulawesi coast of eastern Indonesia with an affiliated LNG production plant with output of 2 million tonnes per annum.
EWC is also expecting to be granted a 20-year extension to its Indonesian gas production-sharing contract.
Australia-listed Energy World Corp seals Singapore bank transaction for Asian LNG
Energy World Corp., the Australian-listed company with LNG projects in the Philippines and Indonesia, has completed a transaction Standard Chartered Private Equity of Singapore to keep its ventures moving forward.
First Philippines LNG terminal at Pagbilao starts on second tank to help third-party access
Energy World Corp., the developer of the mechanically complete first LNG import terminal in the Philippines at Pagbilao, is constructing a second storage tank at the facility that will operate as a tolling Hub with access for third-party clients.
US Fourchon LNG of Asian plant developer Energy World Corp. seeks cargo export permits
Fourchon LNG, the US export venture owned by a subsidiary of Hong Kong-based Energy World Corp. and planned for Belle Pass in Louisiana, has applied to regulators for multi-year permits to ship cargoes for 30 years to countries with a Free Trade Agreement (FTA) with the US and for 20 years to any countries without an FTA.
Builder of first LNG import terminal in Philippines advances with US export plant in Louisiana
Port Fourchon LNG, the US export venture owned by a subsidiary of Hong Kong-based Energy World Corp. and planned for Lafourche Parish in Louisiana, has received a letter from US regulators giving permission to start its pre-filing environmental review process.
