With recent Asian spot LNG at $7.65 an mmBtu (see the link...

With recent Asian spot LNG at $7.65 an mmBtu (see the link below) I would expect management to divert all/most of the available financial resources to bringing the first phase of the Pagbilao power on stream first as EWC can buy cheap spot LNG on market. Given the shortage in power generating capacity in the Philippines this is the smartest option and will bring cash in the the soonest. Just keeping Sengkang LNG ticking over towards completion would be the smart option, so I'm not phased by any slippage at Sengkang as this will be a deliberate decision.

http://www.reuters.com/article/2015/03/02/us-europe-asia-lng-idUSKBN0LY22V20150302