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…

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….

Energy department mulls options for Agus-Pulangi privatization

THE Department of Energy (DoE) is looking at other options on how Mindanao’s main power source, the Agus-Pulangi hydroelectric plants, will be privatized. Energy Undersecretary Felix William B. Fuentebella said the department is considering the transfer of the hydropower complex to PNOC Renewables Corp. (PNOC RC), a subsidiary of DoE-attached agency Philippine National Oil Co….

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…

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.