Interfax Global Energy
×
×
Topics Regions
Natural gas + LNG Power & Renewables
Markets & Forecasts

Philippines LNG – potential still in question

The Philippines has long been touted as a potential LNG importer and a market with long-term growth potential. However, even with a number of projects moving forward, challenges remain The Philippines has long been touted as a potential LNG importer and a market with long-term growth potential. However, even with a number of projects moving forward, challenges remain.
By Catriona Scott 18 April 2019 Asia Pacific / Supply & Demand 0 34151
Gas consumption in the Philippines saw substantial growth last year, increasing by 8% compared with 2017 to reach 3.8 bcm. (JC Gellidon/unsplash.com)

The Philippines is entirely dependent on domestic production to meet its gas demand, and its output is set to decline. The government has ambitious plans to increase the role of gas in the country’s energy mix, and imported LNG will be crucial to achieving this aim. The Philippines is a potential pocket market, that could become a new target market for future LNG supplies. Gas market expansion in the Philippines, combined with gas and LNG import growth elsewhere in Southeast Asia, has the potential to...