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Malampaya gas price to remain lower than imported LNG

By Inquirer - 10 months ago
MANILA, Philippines—Discussion is ongoing between the Department of Energy (DOE) and the Malampaya consortium to keep prices of indigenous gas stable under new gas sale and purchase agreements (GSPAs) in the 15-year extension of service contract 38. “The pricing formula is not being proposed to be changed,” Energy Secretary Raphael Lotilla said. “That is one

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