Chelsea Logistics Holdings Corp. (CLHC) and Philippine National Oil Company (PNOC) are exploring the possible joint development of a fuel and liquefied natural gas (LNG) storage and terminal for commercial and logistics use at the PNOC site in Mabini, Batangas.
CLHC, in a statement, said the fuel and LNG terminal project will be part of the development plan for a downstream LNG network between its affiliate Phoenix Petroleum Philippines, Inc. (PNX), CNOOC Gas and Power Group Co. Ltd, and PNOC.
“This collaboration with PNOC provides opportunities for both Chelsea’s shipping and logistics businesses. Further to the potential inclusion of a fuel and LNG storage and terminal to our logistics arm, we are studying how to serve the future vessel requirements for the transportation of PNX’s LNG products,” CLHC president and chief executive officer Chryss Alfonsus V. Damuy said.
CLHC has been building its logistics portfolio, which currently consists of warehouse and distribution facilities through Worklink Services, Inc. as well as 2GO Group, Inc., in which it owns a 28.15% indirect economic interest.
To date, CLHC operates 16 tankers, 23 roll-on/roll off (RoPax) vessels, 11 cargo vessels and 16 tugboats through Chelsea Shipping Corp., Starlite Ferries, Trans-Asia Shipping Lines, Inc. and Fortis Tugs.
In addition, 2GO operates eight RoPax vessels, five cargo vessels, and 11 fastcraft.
