PNOC Malampaya review on track

THE ongoing review of Prime Infrastructure's acquisition of the controlling stake in the Malampaya deep-water gas project is "on track," the Department of Energy (DoE) said, acknowledging that an early resolution is vital to the country's energy security.

"Just to assure you that the review by the Philippine National Oil Co.-Energy Corp. (PNOC-EC) on Prime Infra's acquisition is on track, and the notification to the DoE, having been received, is also moving in parallel," Energy Secretary Raphael Lotilla said during an online news briefing on Wednesday.