Shell sells 45% interest in Malampaya gas project
Shell Philippines Exploration has attracted potential bidders for its sale of a 45% interest in the Malampaya gas-to-power project in Palawan.
Hong Kong-based First Pacific and Philippines-based Philex Mining are planning to acquire the asset for up to US$300 million valuations.
The project is located in the Service Contract 38 license area offshore, 65 km northwest of the island of Palawan. If the deal is closed, First Pacific and Philex Mining will join Udenna Corp. and PNOC Renewables Corporation in the project.
Country updates
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March 30, 2021
Ayala divests 540 MW coal-fired power plant asset
The wholly-owned subsidiary of Ayala Corporation, AC Energy and Infrastructure Corp. has entered into an agreement with Power Partners for the sale of Ayala Group's equity interest in the 540 MW Kausw...
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March 24, 2021
First Gen shortlists two companies for FSRU provider of LNG hub in Batangas
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March 22, 2021
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March 22, 2021
PSALM to launch negotiation sale process for Malaya Thermal Power Plant
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AboitizPower adds 49 MW energy storage system in Therma Marine Mobile 1 power plant
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