Supply & Demand

Philippine LNG terminal suffers delays

The Philippines will need to develop LNG imports to meet gas market needs. However, recent government moves have delayed a potential terminal The Philippines will need to develop LNG imports to meet gas market needs. However, recent government moves have delayed a potential terminal.
By Catriona Scott 23 August 2017 0 27265
Malampaya deep water gas-to-power project. The country is dependent on the Malampaya gas field for its gas supplies. (Shell)

Directional impact on forecast:
Bearish on Asia LNG spot prices

The startup of the Philippines’ first LNG terminal is set to be delayed.

The Philippines has a growing gas market, but its development has been constrained by a lack of supply. The country is dependent on the Malampaya gas field for its gas supplies, and output from the field is set to decline. The country has struggled to develop imports, in part because the economics of a potential LNG terminal have not been sound.

However,...