Philippines greenlights LNG project as domestic reserves shrink

MANILA, Jan 29 (Bloomberg): The Philippines has approved a plan to build a small-scale liquefied natural gas terminal, adding to six ongoing projects that are expected to boost domestic supply from imports as the Southeast Asian nation’s sole gas field dries up in three years.

Samat LNG Corporation received a notice from the Department of Energy to proceed with the project in Bataan province north of Manila, the agency said in a statement on Friday.