Trans-Asia finds LNG expensive

Trans-Asia Oil and Energy Development Corp. said that it will focus on completing the 270-MW coal plant in Batangas as coal still provides a cheaper option than LNG.

Trans-Asia president Francisco Viray told reporters that “The big challenge of LNG is that it is relatively expensive compared to coal for the end users because of the LNG prices.”

As Manila Standard Today reports the company has to review its plans to build a 415-MW combined cycle gas turbine power plant and that the LNG plant will not be in the pipeline in the next three years.

LNG World News Staff, September 1, 2014; Image: Trans-Asia