In a landmark collaboration, three of the Philippines' top energy firms have partnered to develop a large-scale integrated liquefied natural gas (LNG) facility, representing the country's first of its kind in Batangas city. This significant venture, valued at $3.3 billion, marks the biggest Philippine energy deal since 2008. The companies involved include Manila Electric, San Miguel, and Aboitiz, with the project aimed at addressing the impending depletion of the Philippines' main gas field. The collaboration was announced on Sunday, highlighting the involvement of three of the nation's most prominent tycoons in this ambitious endeavor.
Three Philippine Tycoons Form $3.3 Billion Energy Joint Venture https://t.co/6TjFLOuiAN
Three Philippine Tycoons Form $3.3 Billion Energy Joint Venture https://t.co/lLzEQDoCKh
Three of #Philippines' top energy firms have come together to launch the country's first integrated LNG facility in Batangas city, according to private-sector utility Aboitiz Power on 4 March. https://t.co/rT2zXlC7WS
Tycoons Team Up in Biggest #Philippine Energy Deal Since 2008 Manila Electric, San Miguel, Aboitiz in $3.3 billion deal LNG imports eyed as main Philippine gas field nears depletion https://t.co/utl7xq3e7R
Three of the Philippines’ most prominent tycoons have teamed up in a $3.3 billion energy deal https://t.co/fKskt3lJSg via @markets
Three of the Philippines’ most prominent tycoons have teamed up in a $3.3 billion energy deal https://t.co/jBnzRCIr4y
🇵🇭Philippines' top energy firms partner for $3.3 bln LNG facility Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on Sunday, in a deal two of them valued at $3.3…
#Philippines' top energy firms partner for $3.3 bln LNG facility https://t.co/dwn3hOl6kx
Philippines' top energy firms partner for $3.3 bln LNG facility https://t.co/bpULAB4aJW https://t.co/6JrsG58mks
Energy firms boost gas exploration in Southeast Asia to meet growing demand Energy companies are ramping up exploration activities in Southeast Asia to boost natural gas output and meet long-term demand growth, drawn by recent discoveries and improved investment policies,…