The Philippine energy sector is bracing for a “triple whammy” next year – especially in the peak demand months of summer – due to highly probable continued forced outages in power facilities; de-rating of the gas plants; and shortage of gas fuel that can already be extracted from the...
The power investment unit of diversified conglomerate San Miguel Corporation (SMC) is taking steps into cementing a pathway that will pare the carbon footprints of its projects and business operations. Alongside recent announcement that it will be dropping its previously blueprinted 1,500 megawatts...
The Department of Energy (DOE) is targeting 13 million metric tons per annum (mtpa) of liquefied natural gas (LNG) capacity that will be imported into the country via the various investments being proposed by private sector players. Jesus T. Tamang, director of the DOE’s Energy Policy and...
The Department of Energy (DOE) is solidifying partnership with the United States government on policy formulation that the Philippines would be needing for the rebirth of its gas industry that shall be ushered in by liquefied natural gas (LNG) importations. The tie-up of the two governments is...
Project sponsor-firm Vires Energy Corporation (VEC), a subsidiary of listed firm A. Brown Company Inc., has formally admitted to the Department of Energy (DOE) the information lapse on its targeted deployment of floating storage and regasification unit (FSRU) that is tied to its planned liquefied...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
The proposed 3.0 million tons per annum (mtpa) liquefied natural gas (LNG) import terminal of Shell Energy Philippines is targeting to supply the gas requirements of two power plants in Central Luzon; as well as a major petrochemical facility in the country. According to Energy Secretary Alfonso G....
The Department of Energy (DOE) has issued another notice-to-proceed (NTP) for a liquefied natural gas (LNG) import facility project – this time for Shell Energy Philippines. According to the project proponent-firm, the Philippines “is an important country for Shell and is keen to continue...
FGEN LNG Corporation, the corporate vehicle of First Gen Corporation for its interim liquefied natural gas (LNG) import facility, has shortlisted two bidders for its targeted chartering of floating storage regasification unit (FSRU) for the project. The shortlisted firms are BW Gas Limited and...
Lopez-led First Gen Corporation was considerably in auspicious state last year on its financial performance, as its earnings had just declined by marginal 7.0-percent to P13.7 billion (US$276 million) from P15.4 billion (US$296 million) in 2019. “The company managed the challenges that arose...
Manila-headquartered Atlantic Gulf & Pacific Company (AG&P) is the fourth company that was issued by the Department of Energy (DOE) with a notice to proceed (NTP) for its proposed liquefied natural gas (LNG) import facility to be sited at the Batangas Bay. In a statement to the media,...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company (Meralco), is seriously weighing options to shift investment plans into setting up liquefied natural gas (LNG) facilities instead of the previously blueprinted coal-fired power investments. “We should get into the...
