Philippine LNG sector picks up speed
As much as 10.5mn t/yr of regasification capacity could be coming online in 2022
The Philippines is seeking to build the necessary infrastructure to increase gas-fired power generation even as its domestic gas production declines. Two LNG regasification projects have reached development milestones recently, while three others are in development. And at least one consortium is looking at a potential sixth terminal. The Philippine Department of Energy granted the Atlantic Gulf & Pacific Company of Manila (AG&P)—which is part owned by Japan’s Osaka Gas and the Japan Bank for International Cooperation—notice to proceed in early March with its import and regasification terminal at Batangas Bay in Luzon. The project, known as Philippines LNG, or PLNG, is due to be comm
Also in this section
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources