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Market Chatter: US Steps Up Investor Presence in Philippines LNG, Nuclear Sectors

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The US is stepping up cooperation in liquefied natural gas and nuclear power projects in the Philippines that aim to cut the country's power prices, challenging China's supply chain influence in the region, Bloomberg reported on Friday.

The US Trade and Development agency is working alongside the Philippine government and private companies on the projects to improve both generation and transmission, USTDA chief Thomas Hardy told the news agency in an interview.

Reinforcements to the power supply could assuage investor worries about high electricity prices, making them more likely to consider operations in the Luzon Economic Corridor, an investment project on the Philippines main island supported by the US and Japan.

Hardy said there were many LNG projects where US companies could partner with financiers and developers in the Philippines to deliver gas to the Southeast Asian country, the article said. In nuclear, his agency will host Philippine government officials and private sector leaders to discuss small modular reactors.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

What else is happening in Commodities?

Commodities

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Commodities

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Commodities

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