The Department of Energy (DOE) is seeking for VAT-exemption on the purchase and sale of indigenous natural gas, and the sale of power using indigenous natural gas as part of the fiscal incentives to be granted under the proposed law developing the Philippines’ natural gas industry. Energy...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Here's a bold suggestion to President Marcos on the heels of his triumphant participation in the trilateral summit with United States (US) President Joe Biden and Japan Prime...
There is a major silver lining after all to the scorching blow of the summer months, as the electricity rates of utility giant Manila Electric Company (Meralco) will be reduced significantly by P0.9879 per kilowatt hour (kWh) in its April billing cycle. As announced by the power firm, its overall...
The script for market dynamics will be flipped this April because instead of a rate hike, power utility giant Manila Electric Company (Meralco) is hinting at a rate reduction in the electric bills of its roughly 8.0 million customers within this billing cycle. Meralco Vice President and Head of...
The heat will be turned down on household budgets for their cooking fuel this month, as the price of liquefied petroleum gas will be reduced by P1.00 per kilogram (kg) or equivalent P11.00 for the standard 11-kilogram cylinder, as advised by the industry players. Petron implemented its reduced LPG...
Priority procurement of capacity generated from indigenous Malampaya gas had been directed by the Energy Regulatory Commission (ERC) in the power purchase agreement (PPA) underwritten by Manila Electric Company (Meralco) with First Gen Corporation of the Lopez group. Owing to that ruling, the...
To guarantee that all players in the flourishing liquefied natural gas (LNG) industry of the country will all play by the same rules, the Department of Energy (DOE) has inked a ‘research study pact’ with the University of the Philippines (UP) on drawing up regulatory toolboxes and standards...
HOUSTON – Japanese firm JERA Co. Inc. has flexed to global energy players and policymakers the ‘portfolio balancing strategy’ of its Philippine partner Aboitiz Power Corporation as the ‘sweet spot’ to their successful business marriage. At the ongoing CERAWeek conference, Aboitiz Power...
HOUSTON – The voracious energy appetite of Asian markets - including developing countries within Southeast Asia - will gobble up liquefied natural gas (LNG) supply between now and onward to 2040, according to Shell CEO Wael Sawan. Speaking at the ongoing CERAWeek by S&P Global here, he...
Malampaya project operator Prime Energy Resources Development B.V. has awarded $69.9 million worth of contract to American firm Noble for the planned drilling of at least three new wells in the aim to reinforce gas production at the depleting field. On the company’s announcement, it indicated...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
TABUK CITY, Kalinga – Two laborers allegedly died due to gas poisoning in a nine-meter deep well in Barangay Balawag here on Wednesday afternoon, March 6. MAP of Kalinga with Tabuk City highlighted. Police Capt. Ruff Manganip, Kalinga police spokesperson, identified the victims as Ernesto Banwa,...
