PXP Energy Corp. is planning to appeal the Department of Energy’s (DoE) rejection of its unsolicited proposal to assume the operations of the $4.5-billion Malampaya gas field in offshore Palawan.
“At this time, PXP is considering other options in pursuing the project including the submission of a letter to the DOE for a reconsideration of the unsolicited proposal given the expected benefits of the project to the country,” the Pangilinan-led firm said in a disclosure on Tuesday.
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