SEN. Pia Cayetano said the price of imported liquefied natural gas (LNG) is rising and is now inching to $16 per MMBtu (million British thermal units). This translates to higher electricity prices to the detriment of consumers, she warned, highlighting the need to prioritize indigenous gas.

Cayetano, chairman of the Senate Committee on Energy and sponsor of Senate Bill (SB) 2793 or the Philippine Natural Gas Industry Development Act, debunks claims that current LNG prices are lower than those for indigenous or Malampaya gas.

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