Chevron Invests $3.1 Million to Open Lapu-Lapu Terminal to Domestic and International Fuel Trade

Chevron has invested $3.1 million to upgrade its fuel terminal in Lapu-Lapu City, Cebu, enabling the facility to receive international import vessels and load domestic shipments. The improvements increased the terminal’s storage capacity to 150,000 barrels, equivalent to about 24 million liters of fuel, unlocking an estimated $1 million in annual value and strengthening the company’s ability to support the growing energy demand in the region.

The terminal recently welcomed its first international import vessel, the MT CHANG HANG FEI YUE Voy No. 2518, carrying fuel products from South Korea. Through close coordination with government agencies and careful operational planning, Chevron’s local team ensured the safe and successful docking of the vessel, marking a major milestone as the facility officially opens to both domestic and international fuel trade.

Strategically located in one of the fastest-growing urban areas in Central Visayas, the Lapu-Lapu terminal serves as a key supply hub for nearby cities and municipalities driven by growth in manufacturing, transportation, and tourism. The expanded capability is also expected to create new opportunities for retailers and business partners by providing a more reliable and efficient fuel supply across the region.

According to Pongtorn Tangmanuswong, General Manager and Country Chairman of Chevron Philippines Inc., the investment underscores Chevron’s long-term commitment to strengthening the country’s energy infrastructure. With more than 600 service stations and supply points nationwide under the Caltex brand, the company continues to expand its distribution network to ensure Filipinos have access to safe, high-quality, and reliable fuel across the country.