AsiaContracts and Tenders

Three firms seal $3.3 billion LNG-to-power deal in Philippines

By LNG Prime Staff
Three firms seal $3.3 billion LNG-to-power deal in Philippines
Philippines LNG (PHLNG) terminal (Image: AG&P)

Power companies Meralco PowerGen, Aboitiz Power, and San Miguel Global Power have completed the financial close of their previously announced LNG-to-power partnership worth about $3.3 billion. The three firms announced in separate statements on Tuesday the completion of the transaction. The transaction involves the acquisition by MGen and TNGP, through Chromite Gas (CGHI), of a…

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