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Construction and engineering firm Atlantic, Gulf & Pacific International Holdings (AG&P) has completed the conversion of its 137,512-cubic meter ISH liquefied natural gas (LNG) carrier into a floating storage unit (FSU) that will cater to its offshore LNG facility in Batangas. Followin
It’s a complicated industry with a long list of abstract jargons that reflect the technical aspect of the sector; with an uncertain regulatory environment and blackouts that can happen anytime.
The power sector is abuzz with speculations as to what would be San Miguel Corp.’s next move in so far as the Energy Regulatory Commission’s denial of its petition to be allowed to temporarily raise its rates on its fixed-rate power supply agreements with Meralco covering two power plants by 30 centavos per kilowatt-hour over six months.
Filipino consumers will have to prepare their pockets when the country’s gas plants will shift to imported liquefied natural gas (LNG) next year, as this could result in even higher electricity rates given the lingering uncertainties in global gas markets. Atty. Rino Abad, director of the Oil
As it shifts to low-grade coal for its electricity generation to offset foregone revenues from a denied rate hike, conglomerate San Miguel Corporation is now looking forward to "financial rebound" across the chain of its energy businesses. Its subsidiary SMC Global Power Holdings Corporation (