Glencore's Singapore head of oil becomes LNG boss as Mark Catton retires

Tokyo Gas Co has signed a joint development agreement with Philippines’ First Gen Corp to build and operate a liquefied natural gas (LNG) receiving terminal in the Philippines, its first foray into energy infrastructure development in Southeast Asian country.

A Tokyo Gas spokesman declined to comment on the investment amount.

The Philippines in October had short-listed three different groups of companies, including the Tokyo Gas partnership with First Gen, to build and operate its first LNG import terminal.

First Gen, which owns about 60 percent of the gas-fired power plants in the Philippines, is the biggest natural gas user in the country, Tokyo Gas said in a statement (Reporting by Osamu Tsukimori; Editing by Tom Hogue)

• Most Read
• Most Commented