Philippines is Asia's unofficial LNG trading hub - Cusi

Philippines is Asia's unofficial LNG trading hub - Cusi

The Philippines is the de facto liquefied natural gas (LNG) transshipment
for Asia for some time now, even if the preferred transshipment point for
the region in Singapore.

Energy Secretary Alfonso Cusi told reporters that an exporter of LNG has
been using the Port of Subic as transshipment point, but declined to name
the country of origin citing privileged information.

He pointed out the need to take advantage of the situation to spur economic
growth, despite the limits posed by infrastructure, capitalization and
technical know-how.

Cusi emphasized the importance of going for the goal of becoming an LNG hub
in as it would bring in business, create jobs, and build investor confidence
in the Philippines.

In May, a survey by consultancy firm Deloitte showed Singapore was the
preferred Asian LNG trading hub.

A poll of energy sector leaders had 80 percent of the respondents tagging
Singapore as most likely to become an LNG regional trading hub in the next
five to 10 years.

China and Japan were also favored as potential LNG trading centers.

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Link to Original Article:
http://www.manilatimes.net/ph-asias-unofficial-lng-trading-hub-cusi/347157/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com