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...
President Ferdinand "Bongbong" Marcos Jr. is expecting a more stable and cheaper energy prices for the Filipino people with the expanded development of Malampaya gas field and the blending of imported liquified natural gas (LNG). In a meeting with Prime Energy Resources Development in Malacañang,...
The Malampaya consortium led by field operator Prime Energy of the Razon group will cough up $600 million to $630 million in fresh capital outlay for the first phase of its committed work program that will include the drilling of 2-3 production wells. In a briefing with the media, Energy...
West Philippine Sea (Wikipedia) Maintaining Philippine presence in an oil-rich area is another advantage of the Malampaya service deal extension. Thus, said House Deputy Speaker and Batangas 6th district Rep. Ralph Recto, who hailed President Ferdinand "Bongbong" Marcos Jr.'s signing on Monday, May...
President Ferdinand "Bongbong" Marcos Jr. has renewed his administration's commitment to ensuring energy security in the country [as he signed the renewal agreement for the Malampaya Deep Water Gas-to-Power Project](https://mb.com.ph/2023/5/15/marcos-signs-malampaya-sc-renewal-agreement). *President...
Following the 15-year renewal of the Service Contract 38 for the Malampaya project, Razon-led operator firm Prime Energy can already carry out exploration drilling activities beyond the existing production area of the depleting gas field. This developed after President Ferdinand R. Marcos Jr....
President Ferdinand "Bongbong" Marcos Jr. has signed the Renewal Agreement for the Malampaya Service Contract No. 38 (SC 38), allowing the continued production of the Malampaya gas field until Feb. 22, 2039. *President Marcos signs Renewal Agreement for the Malampaya Service Contract No. 38 (SC...
WASHINGTON, D.C.— The Philippines will continue to negotiate with China over its claims on the Malampaya natural gas fields. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of KJ Rosales/PPA Pool) President Ferdinand "Bongbong" Marcos Jr. bared this as he concluded his five-day visit in...
The Energy Regulatory Commission (ERC) indicated that it will be studying the probable rate hikes or cost impact that consumers will have to brace for; once all the gas sale and purchase agreements (GSPAs) for the Malampaya gas field project will expire by next year. ERC Chairperson Monalisa C....
Prime Energy, a subsidiary of the Razon Group’s Prime Infrastructure Capital Inc., has convened an advisory council composed of technical experts and key industry leaders for the exploration and development of the Malampaya gas field. In a statement, Prime Infra said the advisory council will...
Surigao del Sur 2nd district Rep. Johnny Pimentel says that there are no hurdles blocking Enrique Razon and his Prime Infra Holdings Inc’s acquisition of Dennis Uy’s controlling stake in the Malampaya gas field. “We, in Congress, have always maintained that private parties are free to get in...
Senator Sherwin Gatchalian on Sunday expressed his grave concern over the country’s power situation amid reports that Udenna Corp.’s Dennis Uy is considering selling his controlling stakes in the Malampaya deep water gas-to-power project. Gatchalian said this development casts uncertainty on...
