When its interim import terminal for liquefied natural gas (LNG) will kick off commercial operations in 2022, FGEN LNG Corporation, a subsidiary of Lopez-led First Gen Corporation, will in parallel be setting in motion the market introduction of gas for locators in economic zones and industrial...
To prop the country’s need for more flexible power capacity, the energy investment arm of San Miguel Corporation (SMC) will be building 2,550 megawatts of power facilities that will be utilizing imported liquefied natural gas (LNG) and...
Philippines and Japan have reaffirmed their joint commitment to steadily implement the government’s flagship infrastructure projects and other initiatives to further strengthen economic cooperation between the two...
With the energization of its new 138-kilovolt (kV) Butuan-Placer transmission line this month, system operator National Grid Corporation of the Philippines (NGCP) indicated that reliability on wheeling of generated power will be scaled up in northeastern Mindanao. The recently completed project...
Consumers’ pockets will experience heftier cash relief next week as oil prices are anticipated to be on a substantial rollback of P0.75 to P0.90 per liter for gasoline; and P0.80 to P0.90 per liter for diesel. MB file photo. (Mark Balmores) For kerosene, the price of this commodity is also...
Bad news will cut across Filipino households starting this long weekend, as the price of cooking fuel liquefied petroleum gas (LPG) will increase by P3.20 per kilogram (kg) or an aggregate increase of P35.20 for the standard 11-kg cylinder. The price hike for LPG will stay for the rest of November,...
Filipino consumers will be spared from worrying over electricity service interruptions or brownouts during the Christmas holidays, as the Energy Regulatory Commission (ERC) formalized its order of “no electricity service disconnection’ until December 31 this year. (MANILA BULLETIN) The...
Pangilinan-led PXP Energy Corporation is seeking the imprimatur of the Philippine government as to the next steps it must pursue relative to its joint exploration deal with China National Offshore Oil Corporation (CNOOC) for oil and gas exploration at the Recto Bank offshore northwest Palawan...
American firm Excelerate Energy is racing ahead in bringing to commercial fruition the country’s first floating storage regasification unit (FSRU) for imported liquefied natural gas (LNG) by the second quarter of 2022. ( Photo credit: https://excelerateenergy.com/) In an announcement to the...
Amid the tax predicaments raised by Petron on its refining business, the Department of Finance (DOF) indicated that it is not amenable to proposed tweaks in the country’s tax laws as applied to the supply chain of the downstream oil sector. Finance Secretary Carlos G. Dominguez III (MANILA...
To force the country into ‘clean energy’ transition, the Department of Energy (DOE) has enforced moratorium on new coal-fired power plant projects. But it’s not time for the clean energy advocates to pop the champagne bottle yet, because the DoE qualified the moratorium will not cover...
As an aftermath of severe storm Quinta’s devastation, massive swath in 15 provinces groped in the dark due to power outages caused by damages in various power facilities. According to the Department of Energy, the estimated cost of damage to the power facilities of the electric cooperatives (ECs)...
