US EditionSCS Tensions Hinder Energy Projects - BusinessWorld Online
PALAWAN, MIMAROPA, JUL 14 – The $893 million project aims to extend Malampaya's gas field life until 2039 and boost natural gas production to 1.5-1.7 gigawatts, officials said.
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SCS tensions hinder energy projects - BusinessWorld Online
TENSIONS OVER disputed waters have discouraged potential investors from pursuing energy projects in the Philippines, hampering Manila’s pursuit of an independent energy sector, according to the Energy chief. “[The conflict in the South China Sea (SCS) is] definitely [affecting us], because no investor will risk millions or billions of pesos when they are not sure if they are secure,” Energy Secretary Sharon S. Garin told Palace reporters on Tues…
After the groundbreaking of the Caticlan Passenger Terminal Building at the Caticlan Airport in Aklan, President Ferdinand Marcos Jr. will head to Palawan today to inspect the Malampaya gas project area via fly by. According to the president, drilling is currently underway in Malampaya for the continued exploration of oil resources in the area. The president said this is part of the government's efforts to find oil supplies to stabilize the coun…
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