New Investment Highlights Strong Business Environment

BMI View: New investment by Royal Dutch Shell highlights the Philippines' attractive business environment. The oil major plans to spend US$1.2bn on a new LNG regasification terminal and an upgrade to its existing Batangas refinery. The investment could lead to profound changes in the country's energy sector as growing gas use will reduce demand for other thermal fuels such as coal and oil. That growth will be critical for Shell as it seeks markets for its rapidly expanding Asian LNG business.

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