Every LNG Cargo That Docks in Batangas Bills Luzon in Dollars
Manila is racing to build gas import terminals just as Middle East supply gets shakiest, and the peso-dollar gap rides straight into your Meralco statement.
The new import terminals rising along Batangas Bay come with a fine print nobody reads out loud: every cargo of liquefied natural gas is priced in dollars, delivered on a global spot market, and passed to Luzon households through the Meralco bill. Malampaya's gas is running down, so the plants that keep the lights on in Metro Manila are switching to imports. The switch arrives at the worst possible moment.
