Senator Risa Hontiveros on Thursday, November 14 cautioned that the passage into law of the proposed Philippine Natural Gas Industry Development Act may replicate policy mistakes that happened in the past especially in the energy sector. Sen. Risa Hontiveros explains why she voted no to...
Voting 14-3, the Senate approved on Monday, Nov. 11, Senate Bill No. 2793 or the Philippine Natural Gas Industry Development Act on third and final reading. Sen. Pia S. Cayetano expresses gratitude to her colleagues who supported the passage of Senate Bill No. 2793 or the Philippine Natural Gas...
The bill seeking the full development of the Philippines’ natural gas industry was approved by the Senate on second reading on Tuesday, Nov. 5. Sen. Pia S. Cayetano stands firm to promote indigenous gas as she continues to defend Senate Bill No. 2793 or the Philippine Natural Gas Industry...
Listed firm Pryce Corporation reported a surge in its gross profit for the first nine months of the year, driven by increased liquefied petroleum gas (LPG) margins in Luzon. In a disclosure to the Philippine Stock Exchange, Pryce said that its branded LPG sales significantly outpaced those of its...
Motorists will have a frustrating drive to the petroleum service stations this week as they will be greeted with diesel prices rising by P0.90 per liter; while diesel prices will be going up by P0.45 per liter. Kerosene, which is their cousin in the weekly triumvirate of price adjustments, will...
Senator Pia Cayetano (Senate PRIB) Senator Pia Cayetano is bent on debunking claims that prices of imported liquefied natural gas (LNG) are cheaper than indigenous or Malampaya gas. Cayetano, the sponsor of Senate Bill (SB)...
The Philippine Independent Power Producers Association Inc. (PIPPA) has thumbed down a legislative proposal that will prioritize the use of Malampaya gas on the electricity generation grind of various gas-fed power plants in the country. While there is a high level temptation to prioritize...
The Department of Energy (DOE) is eyeing to improve the incentive regime for the upstream petroleum industry with the proposed ‘special allowance’ to be extended to operators in marginal petroleum blocks, as well as new plays and frontier acreages. In a draft DOE Circular, it has been...
Senator Alan Peter Cayetano renewed his pitch for the proposed Philippine Natural Gas Development Act—a measure that is crucial for the country’s goal of achieving long-term energy security. Earlier, his sister, Sen. Pia Cayetano, chairperson of the Senate Committee on Energy, sponsored...
Following series of spot purchases, listed firm First Gen Corporation indicated that it is seriously weighing long-term contracting for liquefied natural gas (LNG) that it will be feeding for the electricity generation of its gas plants in Batangas. According to First Gen Chairman and CEO Federico...
Tycoon Manuel V. Pangilinan, who is also the chairman of PXP Energy Corporation, has an extraordinary wish for this year’s holiday season – a “Chinese Santa Claus” who will finally give a strife-free nod to petroleum exploration in the turbulent waters of West Philippine Sea,...
Owing primarily to the ancillary services as component of the transmission charge, the overall tariff of power utility giant Manila Electric Company (Meralco) had climbed by P0.1543 per kilowatt hour (kWh) in this September billing to P11.7882 per kWh versus P11.6339 per kWh last month. The tariff...
