LNGPH, the integrated liquefied natural gas (LNG) power facilities of South Premiere Power (SPPC) and Excellent Energy Resources (EERI), have signed an LNG sale and purchase agreement (LNG SPA) with Vitol Asia.
Starting in 2025, Vitol will supply up to 0.8 million tonnes of LNG annually for a period of 10 years. The LNG will be sourced from Vitol’s global portfolio and delivered to the LNGPH Terminal in Batangas, Philippines. This agreement will help meet the Philippines’ growing energy needs and contribute to the reliability and stability of the country’s energy supply.
Pablo Galante Escobar, head of LNG and executive committee member, says: ‘We are pleased to build on the existing relationship between Vitol and SPPC/EERI and to conclude this long-term LNG supply deal together. The Philippines is a growing LNG market and we are excited to bring LNG supply from our global LNG portfolio to meet this rising LNG demand in the country, thereby contributing to the transition to gas from other more carbon intense energy sources. Vitol is committed to offering reliable and flexible LNG solutions to customers worldwide.’
Yari A. Miralao, president and CEO of both EERI and SPPC adds: ‘It is a significant step towards meeting the country’s growing energy demands while ensuring a sustainable and stable energy future. We look forward to building on this relationship as we continue to support the Philippines’ energy transition and infrastructure development.’
