Shell to set up first LNG import terminal

Pilipinas Shell Petroleum Corp. is pushing through with its plan to build  an import regasification terminal for liquefied natural gas (LNG) in the Philippines, with the final investment decision for the project to come out in the next 12 months.

The decision that the project is commercially feasible came one year after Shell signed an agreement with the government, committing to do a feasibility study in building an LNG terminal nearby its existing refinery in Tabangao, Batangas.