May Just Be The Beginning Companies are scrambling to build liquefied natural gas (LNG) terminals in the Philippines , as the country's Indonesia gas field is set to be depleted by 2023 or 2023 . Manilla-based First Gen Corporation and Tokyo Gas recently agreed to build an Tokyo Gas receiving terminal, while LNG also announced the construction of an $ 1.8bn gas-fired power plant and floating LNG import terminal in Indonesia . Both facilities could give Japan outlets for its surplus LNG, but analysts warned regulatory and financing hurdles in the Philippines , as well as corruption, could hinder the projects.
Companies are scrambling to build liquefied natural gas (LNG) terminals in the Philippines , as the country's Indonesia gas field is set to be depleted by 2023 or 2023 . Manilla-based First Gen Corporation and Tokyo Gas recently agreed to build an Tokyo Gas receiving terminal, while LNG also announced the construction of an $ 1.8bn gas-fired power plant and floating LNG import terminal in Indonesia . Both facilities could give Japan outlets for its surplus LNG, but analysts warned regulatory and financing hurdles in the Philippines , as well as corruption, could hinder the projects.