Glencore Mulls Integrated LNG Project in Philippines

October 1, 2018

Mining and trading giant Glencore is mulling an integrated liquefied natural gas (LNG) import project in the Philippines, a source familiar with the matter said.

The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.

A commercial agreement has been signed and if pursued, would be financed by several entities, including a Chinese engineering group.

Like its competitors, Glencore has been looking to increase its presence in LNG as the market becomes more liquid and demand from emerging markets grows.

Vitol, Gunvor and Trafigura have however been more active in their pursuit of LNG infrastructure projects than Glencore, particularly in Asia.

Reporting By Julia Payne

Categories: LNG


Current News

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

Oil Price Spike after Saudi Attack Temporary

Oil Price Spike after Saudi Attack Temporary

CannSeal Debuts Mobile Mixer Technology

CannSeal Debuts Mobile Mixer Technology

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week