Engie Philippines, the local unit of French energy company Engie (formerly GDF Suez), is looking at power generation investments in the country, including liquefied natural gas.
“Engie is a major global player in power generation, and also all along the gas value chain. We have expertise and experience in all LNG domains such as infrastructures, portfolio management, trading and shipping. There is no reason why we would not look closely at gas or LNG in the Philippines,” Engie Philippines chief executive Przemek Lupa said.
Lupa said the company had “strong ambitions in power generation in the Philippines” but it was Engie’s stance “not to develop any coal-based projects going forward.”
He said Engie was keen on investing in the Philippines because of its strong fundamentals and the growing energy demand.
“We believe that the Philippines, with its abundant local talent, young population and growing economy, presents good investment opportunities for our group,” Lupa said.