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THE possible uptick in power prices next month due to maintenance on the Malampaya field can be cushioned by dispatching more power from baseload coal and hydropower plants, the independent market operator said.
SENATORS said they want to look into the government’s plan for Malampaya, the Philippines’ sole natural gas field, which is expected to be depleted within the next few years, posing problems for energy security.
THE PHILIPPINE GOVERNMENT does not have the cash now to buy into Shell Philippines Exploration, B.V.’s (SPEx) stake in the country’s sole natural gas field as the ongoing pandemic drained its financial resources, according to a senator.
THE consortium involved in developing the country’s sole natural gas field will still proceed in applying for the project’s extension despite the imminent exit of its operator.
THE PHILIPPINES needs immediate alternatives for the loss of Malampaya natural gas to avert power outages in the next few years, a legislator said.
THE exploration unit of state-led Philippine National Oil Co. (PNOC) is exercising its right to acquire 10% of the shares being sold by one of its partners in the offshore Malampaya gas-to-power project, the Energy department’s top official said.
THE Department of Energy (DoE) welcomed the decision of the International Chamber of Commerce (ICC) in Singapore on its arbitration of the $1.1-billion tax case between the Malampaya consortium and the Commission on Audit (CoA).
THE Senate energy panel is studying how the extension of the Malampaya gas exploration contract will affect the projects competing to build the country’s first import terminal for liquefied natural gas (LNG).
HOUSEHOLDS are set to save up to P2,033.76 a year on electricity payments if a plan to use the P204-billion Malampaya fund to reduce the universal charge materializes.
Senator Sherwin T. Gatchalian on Monday, July 30, sees the bill allocating the P204 billion Malampaya funds to cover universal charge as the fastest...