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Excessive gasoline costs, restricted provide might derail LNG tasks in PH




The worldwide power disaster, heightened by the continued Russia-Ukraine warfare, might hamper plans to develop liquefied pure fuel (LNG) tasks within the Philippines, a examine confirmed.

The Institute for Power Economics and Monetary Evaluation (IEEFA), in its newest report, mentioned excessive imported gasoline costs and restricted international provides make the nation’s pipeline of LNG tasks more and more uncompetitive.

“Dangers surrounding restricted international LNG provide and exorbitant prices are anticipated to persist over the subsequent decade,” in keeping with the report penned by IEEFA power finance analyst Sam Reynolds.

“If handed on to customers, excessive imported gasoline costs would lead to increased energy costs for Filipino h…

Carry on studying: Excessive gasoline costs, restricted provide might derail LNG tasks in PH

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