THE current low prices of liquefied natural gas (LNG) in the world market are favorable for the Philippines as a future buyer of the imported fuel, an official of Lopez-led First Gen Corp. said. “International LNG and oil prices are now at very low levels which bodes well for the Philippines as a potential new importer of LNG which can initially complement, and eventually replace, natural gas from the Malampaya field,” First Gen Executive Vice President Jonathan C. Russell told BusinessWorld.
