January 07, 2014

Malampaya gas output limited by technical problems

The Philippine Star today reported that the Malampaya gas field in Palawan experienced technical problems on Saturday. This caused a lowering of its gas output to 70%. However, the Energy secretary was quick to assure the public that this will not have any impact to power prices as it is expected to be resolved today.

The Malampaya gas field is the source of natural gas for the Santa Rita and San Lorenzo power plants. Meralco pays the used natural gas of these power plants to the Malampaya. It remains to be seen how this has affected the power cost of Meralco. - WealthSec