MANILA/TOKYO -- Southeast Asian countries are set to expand imports of liquefied natural gas as the depletion of domestic gas reserves looms, setting the stage for a realignment in the global LNG market.
In the Philippines, major power utility First Gen begins construction on a $300 million offshore LNG intake terminal this month in Batangas, a port city in the southern portion of the main island of Luzon. The large-scale project is the first of its kind for the nation.
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