A joint venture between Phoenix Petroleum Philippines Inc. and China National Offshore Oil Corp. (CNOOC) is set to build a liquefied natural gas facility in Batangas province next year after securing the Energy department’s go-signal last month.
In a mobile message on Friday, Phoenix Petroleum Vice- President for External Affairs Raymond Zorilla said Tanglawan Philippines LNG Inc. was scheduled to break ground for the facility this year, hoped to reach a final investment decision by yearend, and start construction by the second quarter of 2020.
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