LNG Facility : Three tycoons sign $3.3-billion energy deal.
- Ryan M. Regalado
- Mar 4, 2024
- 1 min read
Updated: Sep 6, 2024
By: Meg J. Adonis - @inquirerdotnet
Philippine Daily Inquirer / 05:40 AM March 04, 2024
Ramon Ang, Manuel Pangilinan and Sabin Aboitiz—PHOTO FROM ABOITIZ WEBSITE
In a surprise move, the country’s three power giants have forged a $3.3-billion (P184.89 billion) deal to jointly launch the Philippines’ “first and most expansive” liquefied natural gas (LNG) facility in Batangas province to boost energy security and promote “cleaner” energy.
Meralco PowerGen Corp. (MGen), Aboitiz Power Corp., and San Miguel Global Power Holdings Corp. (SMGP) announced their landmark agreement on Sunday morning.
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Meralco PowerGen Corp. (MGen), Aboitiz Power Corp., and San Miguel Global Power Holdings Corp. (SMGP) announced their landmark agreement on Sunday morning.
Read more: https://business.inquirer.net/448325/three-tycoons-sign-3-3-billion-energy-deal#ixzz8TTDcMkeN
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