Financial industry cautious on funding LNG

2017-10-12 03:38:18

(MENAFN) THE Energy department"s plan to put up an integrated liquefied natural gas (LNG) facility has attracted interest from the private sector, including foreign financial institutions that are willing to partner with the government in funding the project, bankers said.

"We have lots of interest coming from overseas - from Asia, from Europe and the US - on how to co-finance this with the government and the private sector," Bonifacio M. Banzon, BPI Capital Corp. head of project finance, told participants at AVCJ"s Private Equity & Ventures Forum on Wednesday at Fairmont Hotel in Makati City.

He declined to disclose details on the interested entities when asked on the sidelines of the forum. Other bankers also mentioned the government"s LNG project as attractive for investors.

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