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$14B in planned LNG infrastructure in PHL at risk of being stranded


$14B in planned LNG infrastructure in PHL at risk of being stranded
BusinessWorld
3 hrs ago
Reporter
NEARLY $14-billion worth of planned liquified natural gas (LNG) import infrastructure in the Philippines may be at risk of becoming stranded assets as the cost of renewable power generation drops, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
“All 10.9 GW (gigawatts) of LNG-fired power capacity in the current pipeline with an estimated value of $13.6 billion in total investment is at risk of being stranded as the market adapts to lower cost renewable power generation,” IEEFA, an organization that examines energy markets, trends and policies, said in a report. ....

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