Philippine, Bangladesh power giants: Gas needed in green transition

Aboitiz, Summit Power point to developing Asia's massive electricity demand

2023928 LNG Bangladesh and Philippines

Bangladesh and the Philippines see a continued role for natural gas in assisting their move to cleaner energy. (Nikkei montage/Source photo by Reuters) 

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Booming Asian countries like the Philippines and Bangladesh need natural gas to meet domestic energy demand as they shift to greener sources, according to their leading power providers.

AboitizPower, the power generation arm of Philippine conglomerate Aboitiz Group, and Bangladesh's largest power provider Summit Power International called for support from global investors as they work to transform their own corporate energy portfolios.

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