Malampaya sale decision set this year

THE Department of Energy (DoE) on Thursday assured it will decide within the year the sale of Shell Philippines Exploration BV's (SPEX) stake in the Malampaya gas project to Malampaya Energy XP Pte Ltd., a company previously owned by Udenna Corp. that was sold to Prime Infrastructure Capital Inc. of businessman Enrique Razon Jr.

In a press briefing, Energy Secretary Raphael Lotilla admitted that PNOC Exploration Corp. is considering granting its consent to the sale of SPEX's interest to Prime Infrastructure, but it is still subject to review by the DoE.