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
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies