The Philippines’ first liquefied natural gas (LNG) import facility could be on track again after Phoenix Partners said it was in talks about a “strategic alliance” with the Philippine National Oil Company (PNOC). The news came a few weeks after state-owned PNOC said it had abandoned plans to find a partner for the scheme to handle LNG because of the potential delay caused by the need to win Congress approval. In an interview last week, Phoenix’s chief executive officer and president John Sfakianakis told Reuters that he expected the project would go ahead as planned this year.
The Philippines’ first liquefied natural gas (LNG) import facility could be on track again after Phoenix Partners said it was in talks about a “strategic alliance” with the Philippine National Oil Company (PNOC). The news came a few weeks after state-owned PNOC said it had abandoned plans to find a partner for the scheme to handle LNG because of the potential delay caused by the need to win Congress approval. Phoenix now says a Memorandum of Understanding could be signed with PNOC on the $2bn scheme soon.