LNG price on the rise, boosting argument for indigenous gas priority

Quick Summary:

Prices of imported liquefied natural gas (LNG) are on the rise and now inching to 16 US dollars per MMBTu,translating to higher electricity prices,according to the chairperson of the Senate committee on energy, highlighting the need to prioritize indigenous gas.

Prioritize indigenous (natural gas).Support indigenous.

The senator was referring to the unreliability of supply of imported LNG as a result of conflicts like the Russian invasion of Ukraine, the escalating war between Israel and Hezbollah, and weather conditions affecting LNG transport.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesIsraelUkraine

Topics: Energy Natural Filipino Indigenous Data Senator Senate Cayetano Malampaya 2793 Dollars

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 10:49:42 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22771951

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 64 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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