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Gatchalian expresses "strong personal doubts" on Udenna's takeover of Malampaya

Gatchalian expresses “strong personal doubts” on Udenna’s takeover of Malampaya
By HANA BORDEY, GMA News
Published May 25, 2021 12:50pm
Senate energy committee chairman Senator Sherwin Gatchalian prepares to leave the offshore platform of the Malampaya Deepwater Gas-to-Power project after a visit to the facility in 2017. Photo by Mark Cayabyab/Office of Sen Gatchalian
Senate energy committee chairman Sherwin Gatchalian on Tuesday expressed strong personal doubts on Udenna Corporation’s takeover of the Malampaya gas-to-power project in Palawan.
“Personally, I made a statement that I have strong doubts but we will let the process go through,” Gatchalian said in an ANC interview when asked if he thinks that Udenna is qualified to take over the Malampaya operations. ....

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Shell-Dennis Uy's $460-M Malampaya deal still up for gov't review

endIndex:
Metro Manila (CNN Philippines, May 24) The government will still step in to review the multimillion-dollar deal between Davao-based businessman Dennis Uy and Shell Petroleum N.V. for the acquisition of a majority stake in the giant Malampaya gas field, the energy chief said Monday.
Uy has moved to double his company s controlling stake to 90% in the offshore gas facility, baring last Thursday the agreement of his Malampaya Energy for the purchase of Shell Philippines Exploration B.V. s 45% operating interest.
Following the transaction, the government s Philippine National Oil Company-Exploration Corporation will be left with the remaining 10%.
In a statement, Department of Energy Secretary Alfonso Cusi said the agency was not involved in the selling, the bidding, or negotiations of Shell s stake in Petroleum Service Contract No. 38 (SC38). ....

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