State-owned Philippine National Oil Co. (PNOC) is in advanced talks with the International Finance Corp. (IFC), a member of the World Bank Group, to accelerate development of the country’s maiden LNG import project.
Local media has reported the IFC will help PNOC structure a planned FSRU and gas-to-power project in a way that makes it legally, technically and financially feasible. The IFC could also assist with financing the scheme.
The global development institution will help the NOC optimise its unused gas at the Malampaya gas...
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