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Four major foreign banks will reportedly fund Davao-based businessman Dennis Uy’s $460 million acquisition of the 45% stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas-to-power project. Based on a
The reserves of the Malampaya gas field may hit nearly rock bottom as early as next year, according to an official of the Department of Energy (DOE). Based on a Manila Bulletin
Luzon, including Metro Manila, may be experiencing another round of rotating brownouts in the fourth quarter with the 20-day turnaround shutdown of the Malampaya gas-to-power project this October. Based on a Manila
The Department of Energy (DOE) has warned of the possible reimposition of Red and Yellow Alerts in the Luzon Grid, and thus rotating brownouts, until July. At the Senate Committee on Energy’s
After two months and a half of waiting, the restriction of gas outputs from the Malampaya field in Palawan was finally lifted on Monday, giving a little more breathing room of reserves
Government-owned firms Philippine National Oil Company (PNOC) and Power Sector Assets and Liabilities Management Corporation (PSALM) have signed a memorandum of understanding (MOU) for the possible sale of “banked gas” from the Malampaya
The Department of Energy (DOE) is set to convene gas sector stakeholders in the gas sector in a bid to resolve the gas restriction from the Malampaya field in Palawan. Based on
Shell said that it has exercised “careful consideration” in deciding to sell its 45% share in the Malampaya gas-to-power project to Dennis Uy’s Udenna Corporation nearly two weeks ago. In a report
A total of Php82.9 will be invested for the development of liquefied natural gas (LNG) terminal projects in the country, according to the Department of Energy (DOE). Lucio Tan’s Batangas Clean Energy
Lopez-led First Gen Corporation recently said over that it plans to open the 1,200-megawatt (MW) Santa Maria natural gas power plant in Batangas either by late 2024 or early 2025. First Gen
