MANILA: Phoenix Petroleum Philippines Inc said it is in talks with state-owned Philippine National Oil Co (PNOC) for a “strategic alliance” on its proposed US$2bil liquefied natural gas (LNG) hub.
Phoenix, a fuel retailer, has won government approval to build an LNG regasification and receiving terminal and has tapped CNOOC Gas and Power Group Co Ltd, a unit of CNOOC and China’s largest LNG importer and terminal operator, as a partner.
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