A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) revealed that investments in developing liquified natural gas (LNG) facilities in the country will face negligible development risks, particularly exposure to $14 billion in stranded assets, amid regulatory and financial uncertainty in the Philippines market.
Sam Reynolds, the report’s author and IEEFA Energy finance analyst, highlighted that the race to develop LNG facilities in the Philippines has gone from a marathon to a sprint but potential LNG investors must proceed at their own risk.
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