House to amend Malampaya law

THE House of Representatives plans to amend the Malampaya law to limit the use of gas funds to energy-related and poverty alleviation projects, Speaker Feliciano Belmonte, Jr. said.

Belmonte is referring to Presidential Decree (PD) 910 which created the Energy Development Board which is tasked to ensure that the state achieves self-reliance in energy requirements via intensified and coordinated exploration, exploitation and development of indigenous energy resources in order to accelerate overall economic growth, including the Malampaya natural gas field in Palawan.