LNG

The Government of the Philippines is increasing its drive to bring liquefied natural gas import facilities on line to avoid a surge in electricity prices and possible power cuts once the Malampaya natural gas field reserves are depleted by 2024.

Energy World Corp., the Australian-listed LNG and power project developer in southeast Asia, is making more progress on its Indonesian and Philippines ventures, including the Sengkang LNG production plant, as it successfully completed the installation and start-up of two gas compressor units.