McDermott’s CB&I to build LNG storage tank for AG&P’s project in Philippines

McDermott’s unit CB&I Storage Solutions has won a contract to build one storage tank for AG&P’s LNG import terminal in the Philippines.

CB&I Storage Solutions would provide the first of two 60,000 cubic meter full containment steel LNG tanks, McDermott said on Wednesday.

The contract includes geotechnical investigation, soil improvement, foundation and topside platform structure, pre-commissioning, purging and commissioning activities.

Houston-based McDermott expects mechanical completion in the third quarter of 2023 with purging and commissioning activities to follow.

To remind, a unit of Singapore’s downstream LNG player AG&P has secured approval last month to develop its import and regasification terminal in the Philippines, located in Batangas Bay on the main island of Luzon.

Philippines LNG will store and dispatch regasified liquefied natural gas to power plant, industrial and commercial customers but also other customers, according to AG&P which shareholders include Osaka Gas and the Japan Bank for International Cooperation.

Moreover, the terminal will have the initial capacity to deliver up to 3 mtpa of regasified LNG, with additional capacity for liquid distribution.

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