9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES
1,403,304,232
PREFERRED SHARES
20,000,000
11. Indicate the item numbers reported herein
--
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Phoenix Petroleum Philippines, Inc.PNX
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Press Statement; "Tanglawan Philippine LNG receives DOE NTP approval for terminal”
Background/Description of the Disclosure
Tanglawan Philippine LNG Inc. has been granted by the Department of Energy the Notice to Proceed to build an LNG terminal in Batangas.
The company plans to break ground by 2019 for the regasification and receiving terminal with a capacity of 2.2 mtpa, with commercial operations targeted to start by 2023.
The LNG facility will help support the demand for a clean and reliable energy source in Luzon and contribute to the sustainable development of the Philippine economy.
Tanglawan Philippine LNG Inc. will be a joint venture between the Philippine’s fastest-growing oil company, Phoenix Petroleum, and China’s largest LNG importer and terminal operator, CNOOC Gas and Power Group Co., Ltd.
The integrated long-term project plan also aims to develop a gas-fired power generation facility with up to 2,000 megawatts installed capacity.
“The terminal is only stage one of our plans for the facility. We will develop it to become an LNG hub, giving Filipinos access to low-cost and environment-friendly energy supply,” said Phoenix Petroleum Chief Operating Officer Henry Albert Fadullon.