Four LNG terminals are under development in Batangas Bay, south of Manila
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
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
