The revenues yielded by the country’s Malampaya gas production facility already topped $11.9 billion (equivalent to P573 billion at prevailing peso-dollar exchange rate) with the national government getting the bulk with a share of P325 billion as of end-December 2020, according to the Department...
The Senate Committee on Energy is requiring the Department of Energy (DOE) to legally justify the approval it bestowed on the transfer of the unloaded 45-percent shareholdings of Chevron Corporation in the Malampaya gas field venture to buyer Udenna Corporation. In a statement to the media, Senator...
Anchoring it on the ‘right to match’ provision of the joint operating agreement (JOA) under Service Contract (SC) 38, Energy Secretary Alfonso G. Cusi indicated that Udenna Corporation of businessman Dennis Uy may likely have an edge in acquiring the 45-percent stake being unloaded by Shell...
With the service contract of the Malampaya gas field expiring in four years, Energy Secretary Alfonso G. Cusi sounded off that the next best option for the country is to take the course of liquefied natural gas (LNG) importation. Energy Secretary Alfonso G. Cusi In his keynote message at the 9th...
The forthcoming maintenance schedule of the Malampaya gas production facility next month is expected to trigger hikes in the electricity bills that will be dispatched to Filipino consumers around Christmas time. The Malampaya gas field uses an innovative and sustainable deepwater technology for...
Crippling brownouts will dampen the country’s bid for economic recovery in the near term if the Department of Energy (DOE) will not act early enough to concretize a viable replacement for the gas output from the Malampaya field. Senator...
