A top official of Aboitiz Power Corp. said the company is seriously considering the use of liquefied natural gas (LNG), but cost is a factor that deters the company from proceeding and building a terminal facility.
“Several groups in the power industry have been actually looking at LNG. We know that First Gen group is very big in LNG, and Meralco is also looking at it, but I believe all of us face the same problem which is the cost of building a terminal of a certain size,” AboitizPower CEO Erramon I. Aboitiz said in an interview with reporters.
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