#Philippines #CB&I #LNG Technology #AG&P Industrial #Ilijan

Breakthrough in LNG Storage Technology in the Philippines

In a landmark achievement for the energy sector, CBI and AG&P Industrial have announced the successful completion of two 60,000m³ all-steel full containment liquefied natural gas (LNG) storage tanks at the LNGPH Ilijan LNG Facility in the Philippines. This groundbreaking project not only sets a new standard for LNG storage in the country but also showcases innovative advancements in LNG infrastructure worldwide.

A Historic Innovation

The completion of these tanks represents the first large-scale onshore LNG storage facility to be built in the Philippines. The all-steel full containment technology utilized by CBI, in collaboration with AG&P Industrial, distinguishes itself from conventional LNG tanks that typically rely on reinforced concrete. Instead, CBI has innovatively employed a unique 9% nickel steel for both the inner and outer tanks, ensuring high compliance with technical and safety standards specific to the LNG industry.

The commissioning of Tank 1 marked an important milestone; it is now recognized as the world's first operational full containment all-steel LNG tank. Following extensive performance tests, Tank 2 has also joined its counterpart in full operational status, exemplifying a technology that not only enhances economic feasibility but also offers swifter construction timelines and superior safety features in LNG storage applications.

An Unwavering Commitment to Safety

Safety was a paramount concern throughout the project development, which is reflected in the completion of construction without a single lost-time incident across more than one million work hours. This impressive safety performance illustrates the dedication of CBI and its partners to uphold rigorous safety standards throughout the project lifecycle.

Jack Aughenbaugh, Vice President of Operations – International at CBI, expressed pride in this achievement. He stated, “The commissioning of both tanks at Ilijan is a landmark achievement for all involved. This project demonstrates that all-steel full containment LNG storage is not only technically feasible but commercially advantageous, delivering safety and operational benefits while improving overall project economics and schedule certainty.”

A Step Forward for AG&P Industrial

Alexander Leo Gamboa, President and CEO of AG&P Industrial, praised CBI’s collaboration in bringing the largest LNG import terminal in the Philippines to fruition in a timely and reliable manner. “CBI has been an excellent partner in delivering this world-class project effectively. We will surely continue our partnership for future developments in our sector,” he remarked, highlighting the significance of this collaboration in the broader context of energy infrastructure in the region.

Looking Ahead in LNG Infrastructure

As the global demand for cleaner energy solutions grows, the completion of these tanks at the LNGPH Ilijan facility positions the Philippines at the forefront of LNG technology in Southeast Asia. The success of this project is not just a local triumph; it is expected to serve as a model for future LNG projects, pushing the boundaries of what is possible in the energy industry.

CBI’s commitment to innovation and safety in asset-management solutions underlines the importance of modernization in energy sectors worldwide. With the backing of financial investors, including Mason Capital Management LLC, CBI aims to create sustained value through its advanced technologies and engineering expertise.

In summary, the commissioning of the all-steel full containment LNG tanks in the Philippines marks a significant milestone for both CBI and AG&P Industrial. It is a testament to the potential for innovative engineering to reshape LNG storage and supply in the region, enhancing safety, efficiency, and economic viability for years to come.