Tag: Energy Sector
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Philippines Explores Alaska as a Key Source for Liquefied Natural Gas Amidst U.S. Pipeline Revival
In a strategic move to bolster its energy sector, the Philippines is eyeing Alaska as a potential supplier of liquefied natural gas (LNG). This interest comes at a time when the Trump administration is pushing to revive the long-stalled USD44 billion Alaska LNG project, which has garnered significant support from President Donald Trump himself. The…
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Saudi Aramco Re-enters Philippine Market with Stake in Unioil
MANILA – Saudi Aramco, a global leader in energy and chemicals, has announced its return to the Philippine market through a significant investment in Unioil Petroleum Philippines, Inc., acquiring a 25 percent stake in the company. The agreement was formalized on Wednesday, with signatures from Fai Aldossary, managing director of Aramco Asia Singapore, and Janice…
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Government Strengthens Grip on Energy Sector with MIC-SGP Partnership
In a significant move to enhance government control over the nation’s energy infrastructure, the Maharlika Investment Corporation (MIC) and Synergy Grid and Development Philippines Inc. (SGP) have inked a deal to acquire a 20% stake in the National Grid Corporation of the Philippines (NGCP). The agreement, signed in the presence of President Ferdinand R. Marcos…
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Senate Approves Bills to Stabilize Leadership in PCG and Extend PSALM’s Corporate Term
In a unanimous decision, the Senate has passed House Bill No. 10841, which aims to establish a fixed term for the Philippine Coast Guard (PCG) commandant, and Senate Bill No. 2837, which extends the corporate term of the Power Sector Assets and Liabilities Management Corporation (PSALM) until June 26, 2026. Senate President Pro Tempore Jinggoy…
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Senator Calls for Greater Accountability in Malampaya Gas Project Deal
MANILA – Senator Risa Hontiveros has demanded that higher-ranking government officials be held accountable for the controversial sale of Malampaya shares to businessman Dennis Uy. This call comes after the Ombudsman found sufficient evidence to charge former Energy Secretary Alfonso Cusi and 11 other Department of Energy officials with corruption related to Uy’s acquisition of…
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Negros Power Commences Full Operations Following ERC Approval
BACOLOD CITY – Negros Electric and Power Corp. (Negros Power), in partnership with Central Electric Cooperative (Ceneco), has begun full operations after receiving a provisional Certificate for Public Convenience and Necessity (CPCN) from the Energy Regulatory Commission (ERC). Bernard Bailey Del Castillo, the chief operating officer of Negros Power, announced the development following the ERC’s…
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