Philippines, Manila – With the impending closure of the Malampaya gas field, the Department of Energy (DOE) has approved seven liquefied natural gas (LNG) projects, attracting significant investment. According to Fitch Solutions, the research arm of Fitch Group, due to its “energy hungry domestic market and ample trade opportunities throughout the region,” the Philippines has become a “highly interesting” area for energy investments.Philippines, Manila – With the impending closure of the Malampaya gas field, the Department of Energy (DOE) has approved seven liquefied natural gas (LNG) projects, attracting significant investment. According to Fitch Solutions, the research arm of Fitch Group, due to its “energy hungry domestic market and ample trade opportunities throughout the region,” the Philippines has become a “highly interesting” area for energy investments. | by Kris Crismundo
Malampaya’s looming shutdown accelerates LNG investments in Philippines
