State-owned Philippine National Oil Company (PNOC) will launch a tender in 2018 intended to find an investor and partner for its long-touted liquefied natural gas import scheme if a viable proposal does not land before the end of the year.
Energy Secretary Alfonso Cusi has essentially given PNOC until 31 December to garner unsolicited proposals for an LNG import facility and related gas and power projects that could require investments of up to $2 billion.
