Companies are scrambling to build liquefied natural gas ( LNG ) terminals in the Philippines , as the country 's Malampaya gas field is set to be depleted by 2022 or later . Japan - based First Gen Corporation and Tokyo Gas recently partnered to build an LNG receiving terminal , while Marubeni Corporation also announced the construction of an $ 1.8bn gas - fired power plant and floating LNG import terminal in Manila . News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in the Philippines. Both projects could give Japan outlets for its surplus LNG , but officials 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 Malampaya gas field is set to be depleted by 2022 or later . Japan - based First Gen Corporation and Tokyo Gas recently partnered to build an LNG receiving terminal , while Marubeni Corporation also announced the construction of an $ 1.8bn gas - fired power plant and floating LNG import terminal in Manila . Both projects could give Japan outlets for its surplus LNG , but officials warned regulatory and financing hurdles in the Philippines , as well as corruption , could hinder the projects .