PXP Energy plans Malampaya gas hub project 0 SHARES Share it! Share TweetBy Myrna M. VelascoThe Pangilinan-led PXP Energy Corporation has submitted an unsolicited proposal to the Department of Energy (DOE) seeking to utilize the Malampaya facilities for its targeted gas hub project upon the expiration of the gas field’s contract in 2024. In a press statement disclosed via the Philippine Stock Exchange (PSE), PXP Energy indicated that it is targeting to establish an integrated “gas hub” venture at the current site of the Malampaya gas production facility. “Under the unsolicited proposal, the Malampaya infrastructure and distribution network (the Malampaya facilities), which is strategically positioned in the West Philippine Sea, is envisioned to support the continued development of the Malampaya resources,” PXP Energy has indicated. The contract for the Malampaya gas field project is set to lapse in the next 4-5 years, but operator Shell Philippines Exploration B.V. (SPEX) is also batting for license extension on the gas field’s operations.

Source: Manila Bulletin November 12, 2019 14:02 UTC