5 months CNOOC may backpedal on LNG venture with Dennis Uy MB |Biz
By Myrna M. Velasco China National Offshore Oil Corporation (CNOOC) may backpedal on its targeted joint venture with a company of businessman Dennis Uy on planned US$2.0-billion liquefied natural gas (LNG) projects in Batangas, a highly placed energy official has hinted. The source tipped off that the Chinese firm seems “ghosting” the Tanglawan Philippine LNG Inc. partnership earlier targeted not just with Phoenix Petroleum Philippines, Inc. but also of state-run Philippine National Oil Company. The energy official added that there had not been recent communications or representations that CNOOC had done with Philippine government – and all forms of correspondence ... more