PHOENIX Petroleum Philippines Inc., CNOOC Gas and Power Group Co. Ltd. and state-run Philippine National Oil Co. (PNOC) signed on Friday a memorandum of understanding (MoU) for a planned liquefied natural gas (LNG) facility in Batangas province.

In a disclosure, the listed independent oil company reported that the Phoenix Petroleum President and Chief Executive Officer Dennis Uy, CNOOC G&P Chief Finance Officer and Vice President Wu Zhengxing, and PNOC President and CEO Reuben Lista signed the deal in Energy Secretary Alfonso Cusi’s presence at his department’s office in Taguig City.

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