Indonesia Shows Interest in Philippine LNG, an Industrial Info Market Brief

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PT Pertamina Persero, Indonesia's state-owned national energy company, is expressing interest in developing liquefied natural gas (LNG) projects in the Philippines.

In a meeting between Indonesia's Ministry of Foreign Affairs and the Philippines' Board of Investments, Pertamina indicated a readiness to offer LNG solutions, either through land-based LNG regasification or a floating-storage regasification unit (FSRU). The estimated value of the LNG regasification hub is $1 billion.

Click here for a list of LNG projects in the Philippines, and see graph below for a breakdown by state.