The Department of Energy (DOE) is eyeing aggregate investments of P64.632 billion on the four liquefied natural gas (LNG) import terminal projects that it approved for installations in specified areas in Luzon. As presented to industry stakeholders this week, the energy department noted that bulk of capital flow will be from the P37.553 billion onshore LNG import terminal facility proposed by Batangas Clean Energy Inc. of the Lucio Tan group with its foreign partner Gen X Energy, an affiliate of global equity firm Blackstone Group.
