The P65 billion worth of liquefied natural gas (LNG) import terminal projects cornered by the government had been proposed for pioneer incentives availment under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill that is under continued deliberations in Congress....
The exchange and swapping of liquefied petroleum gas (LPG) cylinders between and among oil companies has been proposed in LPG Industry Regulatory Framework Bill, so consumers could gain broader choices when it comes to purchasing their cooking fuels. In the sponsorship speech of Senate Bill 1955...
As we spend more time shopping online, hackers are finding ways to steal from your credit cards. Just look at what happened to senator Sherwin Gatchalian on Wednesday, January 6, 2020. The hacker managed to change his registered phone number, where one time pin (OTP) is being sent, and was able to...
The 2021 budget of the Department of Energy (DOE) has been shored up so it will have leverage to fund studies on technologies that will rev up the country’s ‘energy transition’ paradigm. The extra allocation stood at P46 million – and these will be channeled to studies relating to...
The Department of Finance (DOF) has been warned that the financial liabilities of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) would swell because of the insufficient budget the national...
An additional P550 million allocation had been proposed in the P4.506 trillion budget of the Philippine government, so extra financial resources can be funneled into the repair of power lines damaged by calamities. Senate Committee on Energy Chairman Sherwin T. Gatchalian had pushed for that cash...
The Department of Energy (DOE) has cornered 1,025 applications for renewable energy (RE) projects as of end-September this year, and this will yield up to 30,597 megawatts (MW) of additional power capacity for the Philippines once advanced to commercial operations. Effectively, this will be more...
The Malampaya deep water gas-to-power project had already turned in P311 billion worth of revenues to the Philippine government since the start of its commercial operations, according to Senate Committee on Energy Chairman Sherwin T. Gatchalian. Senator Sherwin Gatchalian (MANILA BULLETIN FILE...
As a follow-through to Malacanang’s issuance of Executive Order (EO) 116, the Department of Energy (DOE) indicated that it will submit its crafted “nuclear power development plan” to President Rodrigo Duterte next month. “Our timeline is December -- to submit it (nuclear plan) to the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...
The Senate committee on energy is filing a legislative measure that will re-frame the investment function of state-run Philippine National Oil Company (PNOC), so it can concentrate its activities on oil and gas exploration ventures. Senator Sherwin Gatchalian (MANILA BULLETIN FILE PHOTO) “We’re...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
