Listed MRC Allied Inc. has entered into a memorandum of understanding (MOU) with a Chinese company that wants to venture into liquefied natural gas (LNG) projects in the Philippines.

In a disclosure, MRC Allied informed the Philippine Stock Exchange on Friday that it has executed an MOU with China Energy Engineering Corp. Ltd (CEEC) to explore the possibility of investing, developing, constructing, and operating LNG projects in the country.

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