LNG proponent ties up with Chinese firm Prospective PNOC partner 1 SHARES Share it! Share TweetBy Myrna M. VelascoA prospective partner of state-run Philippine National Oil Company (PNOC) has tied up with a Chinese firm on its bid to put up the country’s liquefied natural gas (LNG) import facility. Dubai-headquartered Lloyds Energy announced that it has gotten on its wing China Kaicheng Energy Ltd. for the development and construction of an integrated LNG hub. Energy Secretary Alfonso G. Cusi indicated that they will select the LNG facility investor by the end of this month – or at least prior to the close of this year. Beyond the import terminal, the bigger scale plan of PNOC will be to invest eventually in gas-fired plants to serve as anchor load of the LNG import receiving facility.

Source: Manila Bulletin November 10, 2018 13:52 UTC