Loading...
Loading...
search-for-1bn-lng-import-terminal-partner
search-for-1bn-lng-import-terminal-partner

Search for $1bn LNG import terminal partner

0

The Philippines First Gen Corp is talking with potential partners for its proposed $1 billion LNG import terminal, the head of the energy firm said on Friday.

First Gen, one of the Southeast Asian nations biggest power producers, has been under pressure to make a quick decision on whether to build the import facility as it looks to secure long-term supplies of liquefied natural gas for its growing portfolio of gas-fired power plants.

“We have to decide this year who our partners will be,” First GenPresident Francis Giles Puno told reporters on the sidelines of an industry event.

Puno declined to identify potential partners, but said First Gen was discussing possible areas of cooperation in natural gas with firms including Royal Dutch Shell. Shell did not immediately respond to requests for comment.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...