Falling gold prices revive physical demand in key markets
Consumers in price sensitive regions such as India had been finding it difficult to cope with gold's rally in recent months.
LONDON, Oct 1 (Reuters) –
* Mining and trading giant Glencore is mulling an integrated liquefied natural gas (LNG) import project in the Philippines, a source familiar with the matter said.
* The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.
* A commercial agreement has been signed and if pursued, would be financed by several entities, including a Chinese engineering group.
* Like its competitors, Glencore has been looking to increase its presence in LNG as the market becomes more liquid and demand from emerging markets grows.
* Vitol, Gunvor and Trafigura have however been more active in their pursuit of LNG infrastructure projects than Glencore, particularly in Asia.
(Reporting By Julia Payne; Editing by Jan Harvey)
