Razon-led Malampaya operator backs measure on gas industry dev’t regulation

Enrique Razon and other Prime Energy Resources Development B.V. officials are seen during a meeting with President Bongbong Marcos on July 4, 2023. RTVM video

"I’d like to convey our full support to this and we believe it is very timely and relevant,” Cruz said.“While we are doing that, we need the LNG bill in order to allow all parties who are importing gas, or in our case—our proposal to also blend imported LNG with indigenous gas—to do this in a very organized way to protect consumers,” she added.

“After more than 20 years , production from Malampaya is dwindling and, therefore, there is an urgent need for us now to explore and develop a more indigenous gas sources. We are embarking on projects to do that but we will need time to do that,” she said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Profits of Razon's gaming business surge 160%Bloomberry Resorts Corporation, the gaming business of billionaire Enrique Razon Jr., reported a 160 percent surge in consolidated net income to P6.4 billion in the first half of 2023 from the P2.5 billion earned in the same period last year. 
Source: manilabulletin - 🏆 25. / 51 Read more »