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Business trends

Philippines' first LNG terminal sought by China and Japan

Manila prepares to import the fuel as its gas fields run dry

A power plant operated by Philippine energy company First Gen, which is teaming with Tokyo Gas to build a liquefied natural gas terminal nearby.

MANILA/BEIJING/TOKYO -- The Philippines has become a new front in China and Japan's infrastructure rivalry as companies from both countries bid to build the archipelago's first liquefied natural gas terminal.

In the past few weeks, both Tokyo Gas and the state-owned China National Offshore Oil Corp., or CNOOC, have partnered with domestic companies to build the country's first LNG terminal.

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