THE Court of Appeals (CA) has given the Energy Regulatory Commission (ERC) the go signal to hear and resolve anti competitive behavior and other unfair trade and practices against power distributor Manila Electric Co. (Meralco) and the subsidiaries of power firm Aboitiz Power Corp. in connection with the shutdown of the Malampaya gas facility, which affected…
Tag: Malampaya
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…
DoE bats for law to tap Malampaya fund
THE Department of Energy (DoE) has called for the immediate passage of legislation that will allow the government to tap into its accumulated share in the revenue from the offshore Malampaya natural gas project. In a briefing on Thursday, Energy Undersecretary Felix William B. Fuentebella said there is an urgent need for a law that…
Malampaya funds eyed to lower rates
The government is considering the use of a portion of the P228-billion Malampaya fund to reduce power costs in the Philippines, an energy official said over the weekend. “The DoE was informed that about P228 billion was deposited to the special account of the fund three months ago. This can be verified with the Department…
‘Critical’ days for power supply expected in mid-February during shutdown of Malampaya
THE THIRD WEEK of February is viewed as a critical period for power supply in Luzon, based on simulations from the Department of Energy (DoE), natural gas supply from Malampaya will still be unavailable while several power plants go on maintenance shutdown. “What is critical for me is Feb. 13 to 17,” Undersecretary Felix William…
PNOC mulls options for sale of banked gas
State-run Philippine National Oil Co. (PNOC) is exploring several options for the government’s unused Malampaya natural gas, more commonly known as banked gas, its top official said. PNOC president Reuben Lista said the government’s share of banked gas will still be sold but the state-run firm is looking at other options to use the fuel….
Honoring Malampaya contract signals predictability, consistency – Cusi
Honoring the contract of the Malampaya gas project in Northwest Palawan will bode well for the upstream oil and gas industry as it signals predictability and consistency in government policies, officials said yesterday. In the EU-Philippines Business Summit yesterday, Department of Energy (DOE) Secretary Alfonso Cusi said the agency has strongly affirmed its position that…
DOE eyes creation of ‘energy city’
The Department of Energy plans to create an “energy city” in Batangas to be composed of liquefied natural gas (LNG) facilities. This will serve as a back up plan to whatever may happen with the Malampaya deepwater-to-gas project off Palawan. Energy Secretary Alfonso G. Cusi said on the sidelines of a Senate hearing Tuesday that…
Malampaya operations in peril as critical issues plague project
The Malampaya deep water gas-to-power project faces the prospects of non-renewal, even of getting shut down, with ongoing critical challenges plaguing the upstream oil and gas industry, a ranking Malampaya consortium official told a Senate panel yesterday. In a Senate hearing yesterday, Shell Philippines Exploration B.V. (SPEX) managing director Sebastian Quiniones presented a list of…
DOE rolls out plan for LNG terminal
The Departmenty of Energy plans to spearhead the establishment of a liquified natural gas (LNG) terminal, whether the Malampaya deep water gas-to-power project gets extended or not, to ensure continued supply in the country. The DOE will put up a LNG terminal to ensure LNG supply in the country, Energy Secretary Alfonso Cusi said in…
COA ruling on Malampaya tax dispute merits DOE review
The Department of Energy (DOE) is studying options on how to go about the Commission on Audit’s ruling on the P53.14-billion tax dispute of the consortium operating the Malampaya deep water gas-to-power project. COA wrote the DOE to ask its position on the tax dispute, Energy Secretary Alfonso Cusi said in an interview after the…
RP moves to dismiss SPEX-initiated arbitration case
The Philippine government has moved to dismiss the the arbitration case sought by Shell Philippines Exploration B.V. (SPEX) over a P53.14-billion tax deficiency from the Malampaya deep water gas-to-power project. Read more here.
Winnergy Holdings Corp. 