Tycoons’ massive LNG facility and the Verde Island Passage: What’s it all about?

MANILA, Philippines – Owners of the Philippines’ largest business conglomerates building the Philippines’ largest liquefied natural gas (LNG) facility in Batangas inked a deal with the government, vowing to pour resources and protect the marine ecosystem of Verde Island Passage (VIP). 

Dubbed the “big three,” Aboitiz Equity Ventures of the Aboitiz family, Metro Pacific Investments Corporation (MPIC) of Manuel Pangilinan, and Ramon Ang’s San Miguel Corporation (SMC), inked a Memorandum...