Royal Dutch Shell PLC has divested its 45-percent stake in the Malampaya gas project to Malampaya Energy XP Pte Ltd, a subsidiary of Udenna Corp.

Now, the holding company of Davao-based businessman Dennis Uy owns 90 percent of the $4.5-billion Malampaya deep water gas-to-power project.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details