Pilipinas Shell Petroleum Corp. (PSPC) said it will continue to expand its retail stations by 40 to 60 per year.
The company added it is also set to announce this year details on its planned development of a fifth fuel import terminal in the country.
“For our stations, we have over 1,100 stations at the end of mid-last year, third quarter and we will continue to grow that 40 to 60 sites year-on-year until 2025. To do that, we’ve committed to have five medium range capable import terminals. We broke ground on the fourth one last year and we are looking at announcing a fifth one as well so by 2025 we will have five,” said Lorelie Quiambao-Osial, PSPC president and chief executive officer, during the sidelines of a corporate event in Makati City last Friday.
PSPC’s import terminals in Luzon are located in Tabangao, Batangas and another one in Subic while the other two are in Cagayan de Oro City and in Darong, Davao del Sur.
Osial said the cost of the expansion plan until 2025 “ will be a lot” without elaborating.
Osial said PSPC continues to be interested in a possible venture into a liquefied natural gas (LNG) import terminal.
“It is in progress… It’s quite difficult to answer (a specific progress report) but for us, we remain interested in that and we are working with different agencies to be able to progress it,” Osial said.
A study submitted to the Environmental Management Bureau by Shell Energy Philippines Inc. last year showed the group is eyeing to construct the planned LNG import terminal in Batangas that may cost as much as P3.5 billion.
The study also noted that the company will not develop onshore storage facilities but will rely on floating storage regasification units and a pipeline spanning 2,800 meters.
