SMC Unit to Buy LNG from US Firm

A unit of San Miguel Corp. (PSE: SMC) has expressed interest to purchase liquefied natural gas from Excelerate Energy L.P., a US-based LNG company in The Woodlands, Texas, which  plans to build a facility in the Philippines, a government official said over the weekend.

Energy Undersecretary Leonido Pulido said Excelerate attached the letter of intent of South Premiere Power Corp., the independent power producer administrator of the 1,200-megawatt Ilijan natural gas project in Batangas, in an application for a notice to proceed for its planned LNG facility  in the country.

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