Energy Secretary Alfonso Cusi has outlined the country’s liquefied natural gas (LNG) roadmap to Japanese investors to encourage investments in the sector.
Cusi, who is currently in Japan to attend the LNG Producer-Consumer Conference 2016, encouraged the international community to tighten partnerships in further developing and promoting the LNG industry, especially in the Philippines.
“As an emerging LNG market in Asia, my country, the Philippines can take advantage of the current period of oversupply and the relatively low prices of LNG,” he said.
As the country prepares for the depletion of the Malampaya gas field’s supply by mid-2020s, the energy chief laid down the natural gas project prospects in the country for the Japanese and other international investors to develop which includes LNG importation, off-grid or missionary islands conversion to natural gas power plants and even non-power applications, such as in transportation.
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