Shell looking to sell stake in Philippines' Malampaya gas project


MANILA, Sept 27 (Reuters): Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit has announced.

"As part of an ongoing portfolio rationalisation to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest" in Malampaya, a spokeswoman told Reuters.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Former Miss Planet Cambodia give reasons for shock withdrawal from contest
Man found with knife at St Joseph’s Church in Bukit Timah; forgot to put it away after job: Police
Dozens more Rohingya refugees arrive by boat in western Indonesia
Coffee prices may rise 25 per cent in 2025 due to bad harvest in Brazil and Vietnam, says rating agency
Hong Kong property: Chinese tycoon and Agile chairman Chen Zhuolin loses US$16 million in nine-flat fire sale
Death toll in Pakistan sectarian clashes now over 130, official says
Thai Energy Ministry working to tackle gas, fuel shortage in South: Pirapan
Injured whale found stranded off Tai O in Lantau, Hong Kong, dies
Thailand protests Myanmar's navy firing at Thai fishing boats
Golf-Future of dual gender Australian Open up in the air

Others Also Read