Shell Plans Philippines LNG Import Terminal

Shell Plans Philippines LNG Import Terminal

LNG player Royal Dutch Shell confirmed its plans to invest over US $1.6 billion for the development of an LNG import terminal in the Philippines, the U.K. Foreign Office said in a release.

Shell is already the largest foreign investor in the Philippines (US $5 billion), the U.K. Foreign Office said.

President Benigno Aquino III of the Philippines visited the UK as an official guest of the British Government 5-6th June.

LNG World News Staff, June 6, 2012