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Philippines’ second LNG terminal looks excessive

EWC’s LNG terminal in the Philippines is being overlooked as the competition to build a second terminal intensifies EWC’s LNG terminal in the Philippines is being overlooked as the competition to build a second terminal intensifies.
By The Wildcat 14 December 2018 Asia Pacific / LNG 0 33677
Malampaya deepwater gas-to-power project in the Philippines. (Shell)

The race to build a new LNG terminal in the Philippines is hotting up, with a joint venture of China National Offshore Oil Corp. (CNOOC) and Phoenix Petroleum emerging as a front runner. But the country already has a terminal that is ready to start operating, and growing interest in upstream production could leave a second facility underutilised. The government must therefore do more to encourage gas-fired power and underpin the proposed terminal.

Energy World Corp.’s (EWC’s) LNG terminal at Pagbilao is nearly complete and is...

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