11 months MVP downplays need for LNG import terminal MB |Biz
By Myrna M. Velasco Latching on assumptions that Malampaya can still yield gas after the lapse of the contract of the original developers in 2024, Manila Electric Company (Meralco) Chairman Manuel V. Pangilinan indicated that the country’s energy sector may not really need to set up liquified natural gas (LNG) import terminal that soon. Manuel V. Pangilinan He said the government must be transparent as to the extent of reserves that can still be extracted from the Malampaya reservoir post-2024, as even the Malampaya consortium already set forth prospects that the field will still have production in the next 10 ... more