LNG

First Gen still seeking partners for Philippine LNG terminal

Philippine power producer First Gen is still looking for partners for a planned LNG terminal
By Staff reporter 7 December 2018 0 33602

Philippine power producer First Gen is still looking for partners for a planned LNG terminal despite having signed a joint development agreement with Tokyo Gas for the project on Wednesday, local newspaper BusinessWorld reported on Thursday.

“It has always been our plan to bring in third-party investors. It’s just that this is the first,” the newspaper quoted Jonathan Russell, First Gen’s executive vice president, as saying.

“We’ve been in discussion with many different potential partners. We’ve been in discussion with Tokyo...