Ann: Drawdown of Funds-LNG Hub Terminal in Pagbilao, Philippines-EWC.AX, page-10

Even though the loan amount isn't large, it's a very important moment for the Phillipines state owned bank to official play a part in financing the project. They now have skin in the game and it's in their best interests to get the power & LNG hub up and running asap to meet the power demands in the southern islands with cleaner energy....

It seems like EWC and the Philippine government have a good relationship and are both reading of the same page. The Philippines seem to be very open to foreign investment (especially the new President), maybe because of their Christian origins..

The Indonesian LNG project has been a basket case for 10 years now. I can only imagine the games being played by the indos to try and screw EWC at this last hurdle.