Japan’s largest power producer has committed to the Philippine government a stable supply of liquefied natural gas (LNG) to support the country’s economic growth.
"In order to support the Philippines...which the economy is growing at a rapid pace, in order to secure a stable supply, we are working with Aboitiz and Sabin-san’s team on many fronts," said JERA Co. Inc. president Satoshi Onoda."And I may have mentioned this back in June as well, however, we are procuring more than 30 million tons of LNG per year. Therefore, we will be able to contribute to the Philippines in the supply of LNG as transition fuel.
During the meeting, Onoda told Marcos JERA has been working with the Aboitiz Group to support the growing Philippine economy."In order to support the Philippines... which the economy is growing at a rapid pace, in order to secure a stable supply, we are working with Aboitiz and Sabin-san’s team on many fronts," said Onoda.
Onoda said that JERA and the Aboitiz Group have been training their engineers for developing technologies that would be beneficial to both parties. "I do not need to illustrate or to explain the critical situation around the world when it comes to fuel, fuel supply, supply chain problems. All of these are requiring a great deal of thought for the planning for the Philippine side so as to be able to ensure that our forecasted -- and aspirations for development are well supported by an adequate power supply," Marcos said.
"I suppose now they really have been discussing the interim – what we are doing in the interim until renewables can take the whole – can be able to provide rather the entire demand of the Philippines and beyond," said Marcos.
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