Meralco’s supply portfolio is heavily weighted toward natural gas, which currently accounts for about 60 percent of its power mix. Much of this comes from gas-fired plants that historically relied on Malampaya gas and are increasingly shifting toward imported liquefied natural gas.
Tokyo Gas Co. Ltd.,, Japan’s largest natural gas utility company, has completed its acquisition of a 20-percent stake in FGEN LNG Corp., a subsidiary of First Gen Corp.