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After more than a year of waiting, the Department of Energy (DOE) has officially approved the sale of Chevron’s 45% share in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate
The simultaneous bogging down of power plants and reduction of output from the Malampaya gas field have pushed prices in the Wholesale Electricity Spot Market (WESM) to hit record-spikes in recent days
Roughly two weeks after San Miguel Corporation (SMC) said that it submitted a non-binding offer to purchase the 45% stake of Shell Philippines Exploration B.V. (SPEX) in Malampaya, the diversified conglomerate now
Following the recent announcement of business tycoon Manny V. Pangilinan, San Miguel Corporation’s (SMC) Ramon Ang said that his conglomerate has also made a formal offer to Shell Philippines Exploration B.V. (SPEX)
MERALCO PowerGen Corporation (MGen), the power generating arm of the Manila Electric Company (MERALCO), is seriously considering the use of liquefied natural gas (LNG) for its power plants instead of the previously
A group of companies led by business tycoon Manny V. Pangilinan have formally submitted an offer to acquire 45% of the Malampaya gas-to-power project being sold by Shell Philippines Exploration B.V. (SPEX).
The Malampaya gas field’s output took a hit from the economic slowdown caused by the COVID-19 pandemic, as it produced 107.902 billion standard cubic feet (bscf), down 30.6% from the all-time high
A subsidiary of Royal Dutch Shell revived plans to join the country’s liquefied natural gas (LNG) industry, a Department of Energy (DOE) official said on Tuesday. Energy ASec. Leonido Pulido III said
Balancing the market for the remaining reserves in the Malampaya gas field is a key consideration in light of the proposed development of a midstream liquefied natural gas (LNG) industry in the
Despite controversies over Udenna Corporation’s purchase of Chevron’s 45% stake in the Malampaya gas-to-power project, Sec. Alfonso Cusi said that the Department of Energy (DOE) sees no “violation” in the transaction, which
