Philippine News Agency News

The Philippines stands to benefit from introducing liquefied natural gas (LNG) to support power generation and making it part of its energy mix, the government's Philippine News Agency reported quoting  an energy sector expert for the Asian Development Bank (ADB). “Right now and the foreseeable future, natural gas and LNG is much cheaper today compared to two to three years ago, so there is a chance for the Philippines and for the countries in Asia to benefit from LNG and this is window of opportunity I think,” ADB chief of energy sector group Dr. Yongping Zhai said in an interview on Thursday. Zhai believes that LNG, a cleaner gas compared to coal, could be “very much part” of the Philippines' energy mix depending on its viability.

South Korean shipbuilder Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil) has launched two new vessels, the third and the fourth container ships it has built at its $1.6b shipyard in Subic Freeport. (Source: Philippine News Agency)