Regulatory and infrastructural headwinds to liquefied natural gas (LNG) projects and competition from cheap coal are seen to curtail gas growth in the Philippines, Fitch Group-owned BMI Research has said.
In its analysis, BMI projects an average annual gas growth of 5 percent over 2018 to 2026, slightly above the average 4.6 percent in Asian emerging markets, and underperforms higher-growth markets, including China and Vietnam.
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