Monday, 25 April 2011 14:44
MANILA, April 24 (PNA) -- The Department of Energy will require the Malampaya gas-to-power consortium to bid out the gas sale and purchase agreement for the additional gas production from the Malampaya gas field in Palawan.
Energy Undersecretary Jay Layug told reporters government wants to sell the excess gas from Malampaya within the year.
"We have to confirm how much the excess gas is for the fourth GSPA, if it's 150 megawatts (MW) or 300 MW. We want them to sell it this year," he said.
Shell Philippines Exploration B.V. and Chevron Malampaya LLC owns 45 percent each of the Malampaya gas project while PNOC Exploration Corp. owns the remaining 10 percent.
"If they won't (sell it)...we will compel them. They are our service contractors," Layug said.
The Malampaya gas project is estimated to contain reserves of up to 3,000 MW but only 2,700 MW is being used to power up three natural gas power plants namely Sta. Rita and San Lorenzo and Iligan power facilities in Batangas.
The gas field is expected to produce until 2024 but the Malampaya consortium is already readying plans to explore for more gas in its service contract in northwest Palawan. (PNA)DCT/LDV/ASF/rsm
- 26/04/2011 10:50 - Aquino confident the country will overcome Calvary of corruption
- 26/04/2011 10:50 - JBC begins screening 27 aspirants for 2 SC posts
- 25/04/2011 14:45 - E Kalimantan has 1,725 HIV/AIDS cases
- 25/04/2011 14:45 - House passes bill granting athlete benefits
- 25/04/2011 14:44 - DA-9 supports “Binhian Sa Barangay”
- 25/04/2011 14:44 - Easter calls Christians to a renewed way of life — Cardinal
- 25/04/2011 14:43 - Japan, China, S. Korea trade ministers meet over quake, investment
- 25/04/2011 14:43 - 6 OFWs rescued from war-torn Libyan city
- 25/04/2011 14:43 - Pianist gets death sentence for murder
- 25/04/2011 14:41 - Youth Solidarity for Peace gears up Summer Peace Activities