The Phoenix’ first liquefied natural gas (LNG) import facility could be on track again after Philippines 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. Philippines now says a Memorandum of Understanding could be signed with PNOC on the $2bn scheme soon.
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.