Phinma Petroleum and Geothermal (PPG), a subsidiary of Philippines-based Phinma Energy, aims to complete development of its LNG-to-power project in Cebu province by 2022-2023, Business World reported on Friday.
Engineering designs have been completed for an FSRU and a floating 120 MW power plant and jetty, while a feasibility study will be completed by mid-year.
The company is in discussions for LNG supply and delivery.
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