The national government expects to collect approximately P8 billion in royalties this year from the aging offshore Malampaya natural gas project, Surigao del Sur Representative Johnny Pimentel said. “The sum is P9.7 billion, or 55 percent less than the P17.7 billion in Malampaya royalties that the government received in 2023,” Pimentel, a member of the […]
Tag: Malampaya Natural Gas Project
The Senate has approved on third and final reading a bill authorizing the use of the P207 billion Malampaya Fund to pay off the stranded contract costs and stranded debt of the National Power Corporation (Napocor). With the approval of Senate Bill No. 1950 (SBN 1950) or the Murang Kuryente Act, Senator Win Gatchalian said […]