Manila: The Philippines should spend much more on LNG infrastructure, a senior energy executive has said. Speaking with the Philippine Star, Shell country chairman Edgar Chua said Manila needs to come up with a strong set of LNG policies.
“To make LNG a reality, there is a need for the government to come up with policies to encourage investments along the LNG value chain. Firstly, a clear energy mix which spells out the contribution of LNG, coal, renewables and oil to the country’s power generation,” Chua said.
Last week, Energy Secretary Carlos Jericho Petilla said the energy department is coming out with a fuel mix policy this year.
“The government should support and encourage the development of an LNG infrastructure such as import terminal and gas pipelines to allow more customers access to natural gas,” Chua added.
Shell has expressed plans to build an LNG regasification terminal beside its refinery in Batangas costing some $1bn. [27/06/14]