Yet another piece of good news in the Philippine energy sector. Callandra CNG Fuels Corp announced that the Philippine Department of Energy has approved their application to invest in the Compressed Natural Gas (CNG) sector of the Philippines. This is Callandra’s first investment in Asia.
Callandra will setup 6 CNG refuelling stations that can service 5,000 buses a day. CNG president Randall C. Antonio said that the stations are expected to by finished by 2010.
Callandra’s partners include Gladstein Neandross & Associates, Baker & McKEnzie, PriceWaterhouseCoopers, Dabing Langdon & Seah, AIG Group of Companies, Black River Capital and CB Richard Ellis.
Given this news, local auto makers should start making plans about offering CNG fueled vehicles for the private sector. Right now there is only one fueling station in Batangas servicing the few CNG buses that started plying the main thoroughfares last March 2008 so it doesn’t seem practical yet to mass introduce private vehicles running on CNG with the distance they have to travel just to refuel.
Compared to Oil, the Philippines is rich in Natural Gas that is pumped from the wells of the shore of Palawan. Specifically the Malampaya Natural Gas Wells
[source]
Category: Automotive, Natural Gas, Methane, CNG
