Some of the biggest energy companies expressed their support to the government’s plan to develop the liquefied natural gas industry in the country to ensure energy security.
“There is always the opportunity for the private sector to work in closer collaboration with the government to jumpstart this industry,” Manhit said. ExxonMobil Corporation, an American multinational oil and gas company, said it is fundamental for Asian countries to continue to build on their resilience and meet energy demand while lowering emissions through LNG.
Dominador Camu, GBPC Chief Operating Officer, said aside from being considered as a cleaner and more environmentally friendly alternative to fossil fuels, LNG is equally abundant and traded in the international market, and can be stored and transported like any other international commodities.