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Uy firm quizzed on Malampaya stake

LAWMAKERS on Tuesday questioned the technical capability of a subsidiary of Udenna Corp. to participate in the Malampaya offshore gas-to-power project, whose operator signified its intention to sell its stake in the country’s sole natural gas field.

Coal, hydro plants expected to mitigate Malampaya shutdown

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.

Senate may call inquiry to discuss post-Malampaya plans

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.

State lacks cash to buy into SPEx stake in Malampaya –...

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.

Malampaya extension plan still a go if operator exits — Cusi

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.

New natural gas depots needed as Malampaya terminal gets depleted

THE PHILIPPINES needs immediate alternatives for the loss of Malampaya natural gas to avert power outages in the next few years, a legislator said.

Udenna takes over Chevron stake in Malampaya

UDENNA CORP. said on Wednesday that its unit had completed the acquisition of Chevron Malampaya LLC’s 45% stake in the Malampaya gas-to-power project located offshore of northwest Palawan.

PNOC unit to acquire additional stake in Malampaya project

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.

ICC ruling on Malampaya tax case seen to boost exploration activities

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).

Senate studies proposed extension of Malampaya gas exploration contract

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).

Malampaya fund could be tapped in power bill savings

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.

Malampaya gas reserve disposal options mulled

THE Philippine National Oil Company (PNOC) has been urged to step up its efforts in disposing of its reserve of banked gas from Malampaya by 2024.

Gatchalian: Malampaya fund can be used to bring down electricity rates

Senator Sherwin T. Gatchalian on Monday, July 30, sees the bill allocating the P204 billion Malampaya funds to cover universal charge as the fastest...