PNOC contracts Dutch firm as advisor in $2.1B Batangas-Manila pipeline

The Philippine National Oil Company (PNOC) has contracted with the Netherlands' Rebel Group International BV to provide transaction advisory services, to be funded by the Public Private Partnership (PPP) Center, for the $2.1 billion Batangas-Manila 1 (BatMan 1) natural gas pipeline project.

PPP Center executive director Cosette Canilao and Rebel Group team leader Vivek Sharma led the contract signing on Monday, witnessed by PNOC president and chief executive officer Antonio Cailao.
 
The Rebel Group will now undertake the feasibility study for the BatMan 1 and provide PNOC transaction advisory support until the project’s financial close.
 
PNOC has ramped up its plan to develop the natural gas industry by building a series of network pipelines in Luzon as part of efforts to reduce the country’s dependence on oil.
 
Part of the network is the 105-kilometer pipeline from Batangas to Manila, which will also supply natural gas to Laguna and Cavite. — DVM, GMA News