Bolder steps and accelerated actions are required to cut greenhouse gas (GHG) emissions by 43% onward to 2030 so the world can keep pace with keeping global temperature rise within the 1.5 degrees Celsius target, being the holy grail of the Paris Agreement, according to a new report released by the...
Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy...
Liquefied petroleum gas (LPG) prices have gone up again in November, marking the fourth straight month of increases. Regasco, Petron, and Solane, leading players in the industry, have all announced higher prices for their LPG products. Regasco raised its LPG prices by P0.50 per kilo, while...
SEOUL – The conversion of gas pipelines as well as on-site production can help reduce the cost of hydrogen to commercially viable proportion and for it to thrive as a practicable energy solution starting in the 2030 timeframe, according to studies and assessments of UK-headquartered multinational...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
The Singapore-based holding firm of Atlantic, Gulf & Pacific Company (AG&P) has reshuffled its top management after the departure of its former Chief Executive Joseph Sigelman, following an internal investigation due to alleged mismanagement concerns in the company. AG&P announced that...
The Department of Energy (DOE) has conceded to the plea of many liquefied petroleum gas (LPG) retailers in the country that their applications for license-to-operate (LTO) be continually processed despite an earlier enforcement of a deadline. The DOE had initially set July 7 this year as the...
The Department of Energy (DOE) has ordered and deployed personnel to carry out physical inspection of the delayed liquefied natural gas (LNG) import facilities, as the snagged kick-off of their commercial operations have been triggering spikes in electricity rates being passed on to consumers....
Leading oil firm Petron Corporation is broadening the retail outlets reach of its new Fiesta Gas 170-gram refillable liquefied petroleum gas (LPG) products in the juicy market of Luzon – that was following its successful debut in Cebu and Metro Manila markets. The LPG product’s market expansion...
Budgets for electricity bill payments will come heavier on the pockets of Manila Electric Company (Meralco) customers as its overall tariff had escalated by P0.4201 per kilowatt hour (kWh) in its October billing cycle to P11.8198 per kWh vis-à-vis P11.3997 per kWh last month. For its subscribers...
The 4th Asia Pacific LPG Expo is set to make waves in the Liquefied Petroleum Gas (LPG) industry as it goes to the Philippines this year. Organized by the LPG Expo and strongly supported by the Liquified Petroleum Gas Industry Association (LPGIA), the Liquified Petroleum Gas Marketers...
The recurrence of gas supply restriction from the Malampaya field has triggered another round of shutdown for the 414-megawatt San Gabriel power plant of First Gen Corporation, according to sources from the company. The gas being fed to the San Gabriel power plant of the Lopez group is drawn from...
