14FEB2019 - NEWS - Phoenix Petroleum Philippines Inc in talks with Philippine National Oil Company for strategic alliance for proposed LNG hub

On Thursday Phoenix Petroleum Philippines Inc said that it is in talks with state-owned Philippine National Oil Company (PNOC) for a strategic alliance on its proposed $2 billion liquefied natural gas hub. Phoenix, a fuel retailer, has won government approval to build an LNG regasification and receiving terminal and has tapped CNOOC Gas and Power Group Co Ltd, a unit of CNOOC and China’s largest LNG importer and terminal operator, as a partner. The Philippines is looking to import LNG to feed its gas-fired power plants as domestic gas supply from the country’s Malampaya field is set to run out by 2024 at the earliest.

Published by Editor - www.Livebunkers.com at 14-Feb-2019 06:38:40 [UTC] , contact editor at editor@livebunkers.com