Aboitiz in talks with prospective partners for gas projectThe Aboitiz conglomerate is currently in initial discussions with prospective partners on its planned foray into gas-fired power projects. Several companies into the gas business have approached the Aboitiz Power Group seeking a tie up on potential investments that may also integrate a liquefied natural gas (LNG) terminal. Aboitiz Power Chief Executive Erramon I. Aboitiz acknowledged that there are ‘ongoing talks,” yet he qualified that they are still trying to get their grasp on the dynamics of the evolving gas industry in the country. Among those reported to have carried out preliminary talks with Aboitiz Power had been multinational firm Royal Dutch Shell plc; and the affiliate of Thai oil firm PTT. LNG contracts are often negotiated on five core parameters.

Source: Manila Bulletin August 09, 2016 14:15 UTC