2 firms keen on buying Malampaya gas

AT least two firms have formally expressed interest to participate in the public bidding of unused Malampaya natural gas, more known as banked gas.

Philippine National Oil Co. (PNOC) Executive Assistant Jannefer Pelayo said on Wednesday one foreign firm and one local firm are interested to buy the banked gas comprising of 97.67 petajoules from the state firm.

“As of July 3, there are two companies that have expressed their interest on the banked gas. We confirm that one of the companies is foreign-owned. We note that another company has declared its interest via news publication,” Pelayo said.

She did not name the bidders. Earlier, San Miguel Corp. said it was interested to bid for PNOC’s banked gas.

Read more here.


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