In a surprise move, the country’s three power giants have forged a $3.3-billion (P184.89 billion) deal to jointly launch the Philippines’ “first and most expansive” liquefied natural gas (LNG) facility in Batangas province to boost energy security and promote “cleaner” energy. Meralco PowerGen Corp. (MGen), Aboitiz Power Corp. and San Miguel Global Power Holdings Corp.
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