By Lisbet K. Esmael – 02:32 AM October 24, 2024
from Philippine Daily Inquirer / inquirer.net

The Department of Energy has certified the $600-million Malampaya Phase 4 project of tycoon Enrique Razon as one of “national significance,” entitling it to accelerated regulatory approvals.

Prime Energy Resources Development B.V., operator of the Malampaya natural gas facility off northwest Palawan, said the energy project of national significance (EPNS) certification “reaffirms Malampaya’s importance in securing the Philippines’ energy future.”

“As we advance with Phase 4, our focus remains on ensuring sustainable and reliable energy for millions of Filipinos,” said Prime Energy president and chief executive officer Donna Kuizon Cruz.

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