Meralco, Osaka Gas LNG joint venture to await FS completion

TALKS between Osaka Gas Co. Ltd. of Japan and the Manila Electric Co. (Meralco) for a possible joint venture in a power project involving liquefied natural gas (LNG) would have to take a back seat pending results of their respective feasibility studies.

Meralco President Oscar Reyes said the direction toward renewable energy, limited gas sources and huge costs related to LNG infrastructure would have an impact on Meralco’s decision on how to go about the LNG business.

Initially, the two companies were planning to build a 1,500-megawatt (MW) gas-fired power plant that will include a terminal for the LNG.

Read more here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s