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
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing