Tokyo Gas, Kyowa Shipping eye Cagayan Ecozone – Lambino

With the Japan External Trade Organization officials led by Dr. Yuri Sato.

With the Japan External Trade Organization officials led by Dr. Yuri Sato.

By: Freddie G. Lazaro  (Manila Bulletin) -  October 17, 2017

Sta. Ana, Cagayan – The Tokyo Gas and Kyowa Shipping are among several leading Japanese firms that are seriously looking to locate operations at the Cagayan Special Economic Zone and Freeport, Secretary Raul Lambino, the administrator and chief executive officer of the Cagayan Economic Zone Authority (CEZA), disclosed yesterday.

CEZA Secretary Raul Lambino

Tokyo Gas is interested in installing a terminal for LNG (Liquified Natural Gas) that would increase power supply in the country as the domestic gas field at Malampaya in Palawan is expected to run out by 2024, said Lambino, who returned recently from an investment promotion mission to Tokyo.

“Not only would Tokyo Gas provide clean energy,” Lambino said, “but would preserve the gas-fired power plants that supply 3,200 megawatts of Luzon’s needs, thereby ensuring stable power supply, which is vital in the Phiippines’ drive to industrialize.”

Lambino identified the port of Aparri southewest of Port Irene in Santa Ana, where the CEZA is headquartered, as an ideal site for the proposed Tokyo Gas LNG terminal because it lies along the world’s major shipping routes. Aparri is also a deep-water natural port.

Lambino also revealed that plans are in the pipeline to dredge the Cagayan River, the country’s biggest river system, and for the necessary water-transport infrastructures to be constructed.