Energy World Coroporaion said in a statement that it has not temporary put on hold the construction of its proposed LNG Hub Terminal and regasification facility as reported in the newspaper article in the Philippines.
In fact Energy World Corporation has reached a milestone in the construction of the Pagbilao LNG Hub Terminal and 300 MW Power Plant with all major earthworks completed and concrete for the LNG tank foundation commenced, the company said in a statement.
The LNG Hub Terminal is the first of its kind in the Philippines, allowing the country to tap into the global supply of clean, safe and environmentally friendly LNG.
The Project represents an investment over 9 Billion Philippine Peso for Phase I and will create hundreds of jobs during the construction and operation of the terminal.
[mappress] LNG World News Staff, October 1, 2012; Image: EWC