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Energy

Philippine floating LNG terminal wins green light for construction

First Gen and Tokyo Gas to expect to complete work in 2022

Philippine power company First Gen teamed with utility Tokyo Gas in 2018 to build LNG terminals. (Photo courtesy of First Gen)

MANILA -- Philippine power provider First Gen has received the go-ahead to construct a $300 million floating liquefied natural gas terminal together with Japanese utility Tokyo Gas.

First Gen said Friday it won approval for the project from the Philippine Department of Energy. Construction begins next month, with completion slated for the third quarter of 2022.

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