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Costs, policies key hurdles for LNG

PRICES and policy changes are the biggest risks facing the Philippine natural gas industry in light of the impending depletion of the Malampaya gas field, Fitch Solutions said.

In a February 14 report released on Wednesday, the Fitch unit noted that the country would soon have to depend on liquefied natural gas (LNG) imports, with a maiden shipment expected to arrive during the first quarter of 2023.

Malampaya gas field