Gas and Coal Economics, page-46

I do miss the days when one could say, you are entitled to your opinion but not your own facts. So, I guess, apologies for (fake media?) Reuters and its story quoting the Philippines Secretary of Energy.

There is some substance in the two stories combined. In Palmtree's post, the contributor is basically saying that LNG could be a valuable part of the mix, but the space for LNG will be badly compressed if ERC approves all the coal-based PPA's that Meralco submitted for approval in April 2016. I agree with this assessment and have made the same point in previous posts. There is also recognition that a lot of the value of LNG stems from its flexibility - another great point.

The problem is that the current policy framework does not fully recognize the value of LNG infrastructure, thereby increasing risks for investors. I would not say that any of this gets clarified in the Reuters article - you can take at face value that PNOC will be evaluating proposals but you cannot see how an LNG terminal and power plant deal actually gets done without some policy and regulatory support. Just my opinion....