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....
Power utility giant Manila Electric Company (Meralco) said the proposed "fuel swap" arrangement’ aimed at bringing back the 1,200-megawatt Ilijan generating facility to operation cannot be concluded because there was no definitive gas supply commitment from Prime Energy, the new operator of the...
Settlement prices at the Wholesale Electricity Spot Market (WESM) climbed by roughly P1.36 per kilowatt hour (kWh) on average on the two-week duration of the Malampaya gas production facility shutdown, according to a monitoring report by power utility giant Manila Electric Company. The power...
The two-week maintenance shutdown of the Malampaya gas production facility has been completed, without any untoward accidents at the work site, according to the Department of Energy (DOE). “The works were completed with zero incidents recorded. This was achieved through diligent planning and...
The 15-year license extension of the Malampaya gas field project being sought by Prime Energy of the Razon group is now under review by the Office of President Ferdinand Marcos, Jr, according to the Department of Energy (DOE). In a statement to the media, Tuesday, Feb. 14, the DOE stated that it...
As the Malampaya gas field is inching closer to its run-out phase and the country transitions into renewables, President Ferdinand Marcos Jr. has cited the critical role that the liquefied natural (LNG) investment deal of Lopez-led First Gen Corporation and Tokyo Gas Co. Ltd., will bring in...
Malampaya gasfield operator Prime Energy, a subsidiary of Razon-led Prime Infrastructure Capital Inc., is eyeing to extract fresh volume of additional gas by 2026 if the government will approve the firm’s application for 15-year license extension. At the PowerTrends forum, Wednesday, Feb. 8,...
The scheduled repricing of the Malampaya gas on contracted power capacity being delivered to Manila Electric Company (Meralco) is seen tempering the utility firm’s projected upward adjustment in electric bills for February billing cycle. According to Meralco Vice President and Spokesperson Joe...
