Philippines to Import LNG from Alaska Amid Uncertain Project Future
The Philippines plans to import liquefied natural gas (LNG) from a long-delayed Alaska project to meet its growing energy demands. The deal is part of President Ferdinand Marcos Jr.'s plan to discuss cooperation opportunities with U.S. President Donald Trump.
Alaska LNG, a massive project proposed for decades, has faced challenges securing long-term contracts and investments. The project involves constructing an 800-mile pipeline across the state.
Trump's executive order in January prioritizes developing Alaska's LNG potential, including its sale and transportation to Pacific region countries. While the project's future remains uncertain, governments are pledging support to appease Trump.
Marcos signed legislation in January to establish a downstream natural gas industry and increase LNG's share in the Philippines' energy mix. The country began importing LNG in 2023 as its Malampaya gas field depletes.
Tokyo Gas Co. recently acquired a 20% stake in FGEN LNG Corp., a Philippine company that owns a floating LNG facility.