Philippines’ Marcos Seeks to Import LNG From Alaska, Envoy Says

(Bloomberg) -- The Philippines plans to import liquefied natural gas from Alaska to meet its growing energy needs, the nation’s envoy to Washington said.

President Ferdinand Marcos Jr. plans to discuss the matter and other opportunities to cooperate when he meets with President Donald Trump at the “soonest possible time,” Ambassador Jose Manuel Romualdez said in a post on X late on Friday.

Marcos last month signed a law to establish the nation’s downstream natural gas industry and increase the fuel’s share in its energy mix that’s currently dominated by coal. The Philippine leader has said he wants to meet with Trump to discuss trade and defense ties.

The Southeast Asian nation began importing LNG in 2023 as its key Malampaya gas field — which supplies a fifth of the country’s power requirements — nears depletion.

Tokyo Gas Co., Japan’s biggest gas utility, earlier this week said it will acquire a 20% stake in the Philippines’ FGEN LNG Corp., which owns a floating LNG facility in Batangas City, south of the capital.

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