The household budgets of customers served by power utility giant Manila Electric Company (Meralco) will be stretched thin this February, because the all-inclusive electricity rate to be passed on by the giant utility firm is anticipated to increase in this billing cycle. According to Meralco Vice...
ATHENS, Greece – The players in the liquefied natural gas (LNG) sector are well aware that they are in the ‘hot seat’ at the ongoing 28th Conference of the Parties (COP) Climate Change Summit, hence, the industry is pressing for collaborative decarbonization strategy that will mainly focus on...
ATHENS, Greece – Energy markets depending on liquefied natural gas (LNG) to fuel the chain of their economic activities will have to brace for continued volatility and ‘high priced’ era of gas as this scenario in markets is seen to linger for a longer period of time, according to global...
ATHENS, Greece – Players in the global liquefied natural gas (LNG) sector are re-assessing the impact of high gas prices as well as targets of infrastructure development expansion amid the transitioning of many energy markets into cleaner energy solutions. At the World LNG Summit that will kick...
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd. Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be...
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...
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...
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 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....
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
The "gas aggregation" scheme being proposed by Prime Infrastructure Capital Inc. of the Razon group, will help soften electricity rates for consumers because the scheme will lessen the risk of gas plant-developers in their fuel procurements. This is according to ENEX Energy Corporation Chairman...
The House plenary. (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has overwhelmingly approved on third and final reading the measure allowing a shift of the country’s power generation from the use of coal to natural gas. Garnering 215 affirmative votes during plenary session...
