Glencore Mulls Integrated LNG Project in Philippines

Monday, October 1, 2018

Mining and trading giant Glencore is mulling an integrated liquefied natural gas (LNG) import project in the Philippines, a source familiar with the matter said.

The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.

A commercial agreement has been signed and if pursued, would be financed by several entities, including a Chinese engineering group.

Like its competitors, Glencore has been looking to increase its presence in LNG as the market becomes more liquid and demand from emerging markets grows.

Vitol, Gunvor and Trafigura have however been more active in their pursuit of LNG infrastructure projects than Glencore, particularly in Asia.

Reporting By Julia Payne

Categories: LNG

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com