We develop entanglement perturbation theory (EPT) for infinite Quasi-1D quantum systems. The spin-1/2 Heisenberg chain with ferromagnetic nearest neighbor (NN) and antiferromagnetic next nearest neighbor (NNN) interactions with an easy-plane anisotropy is studied as a prototypical system. The obtained phase diagram is compared with a recent prediction [Phys. Rev. B 81, 094430 (2010)] that dimer and Néel orders appear alternately as the XXZ anisotropy Δ approaches the isotropic limit Δ = 1. The first and second transitions (across dimer, Néel and dimer phases) are detected with improved accuracy at Δ ≈ 0.722 and 0.930. The third transition (from dimer to Néel phases), previously predicted to be at Δ ≈ 0.98, is not detected at this Δ in our method, strongly indicating that the second Néel phase is absent.