Filipino firms battle for Chevron's Malampaya stake in bid to revive production

摘要

Filipino firms PXP Energy Corp and Udenna Corp could dampen the prospects for LNG imports into the Philippines after the companies confirmed they are separately holding talks with Chevron to purchase its 45% stake in the offshore Malampaya gas field. PXP is hoping to harness existing infrastructure to develop the Sampaguita field, which it says could ensure the energy security of the country for the next quarter century.