The depletion of the Malampaya gas field is becoming extremely visible, as its reported production for three quarters in 2021 significantly dipped to 79.054 billion cubic feet (bcf) almost half only of its 141.732 bcf level in 2020. Data from the Department of Energy (DOE) showed that 76.040 bcf of...
Outgoing Energy Secretary Alfonso G. Cusi has withdrawn the libel and cyber libel suits that he filed against seven media outlets in November last year relating to the controversies linked to the sale of the Malampaya deep water gas-to-power venture to businessman Dennis Uy. In a statement to the...
The sale of Dennis Uy's majority shares of the Malampaya gas field to Razon-led Prime Infrastructure Holdings Inc. should go through "strict" approval process by the next leadership of the Department of Energy (DOE) to uphold the public's interest in handing over the ownership of that key energy...
Senator Sherwin Gatchalian on Monday urged the incoming new administration of the Department of Energy (DOE) to ensure that existing laws and regulations are followed before giving its consent to the impending entry of the Razon-led Prime Infrastructure Holdings Inc. (Prime Infra) in the Malampaya...
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...
The depleting Malampaya field lost the 1,200-megawatt Iljan plant as a major gas-offtaker (buyer) of its output starting this June 6, as the buyer will no longer renew its expiring gas supply and purchase agreement (GSPA) with the consortium led by Shell Philippines Exploration B.V. The Ilijan...
The Department of Energy (DOE) indicated that it is amenable to planned takeover of Razon-led Prime Infra Holdings Inc. for the continued operations of the Malampaya gas field facility. In a statement to the media, Energy Secretary Alfonso G. Cusi noted that the ongoing partnership discussions...
Razon-led Prime Infra Holdings Inc. has announced plan to acquire majority shares of the controlling stake held by Davao businessman Dennis Uy in the depleting Malampaya gas field project, of which Service Contract 38 (SC 38) will also expire in February 2024. Uy has 45 percent shareholdings 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...
The government, through the Philippine National Oil Co.-Exploration Corp. (PNOC-EC), is exploring the possibility of a buy-back of the Chevron shares and to also acquire equity in the 45-percent shareholdings of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field venture once the...
Senatorial aspirant and human rights lawyer Chel Diokno has urged the government to rescind its Malampaya deal with Udenna Corp. and rechannel the latter's P50-million daily income from the agreement for fuel subsidy. Human rights lawyer Chel Diokno (FACEBOOK / FILE PHOTO / MANILA BULLETIN) Diokno...
The government should suspend the excise tax on oil to cushion the effects of the tension between Russia and Ukraine on the price of commodities, Senator Francis “Kiko” Pangilinan said on Monday, Feb. 28. Senator Francis “Kiko” Pangilinan (TRoPa2022) Pangilinan, a vice presidential...
