Latest news with #AnnaFeliciaBajo
GMA Network
2 days ago
- Business
- GMA Network
Marcos chopper conducts fly-by at Malampaya gas field
A presidential fly-by on Monday was conducted in the ongoing Malampaya Phase IV drilling campaign in Palawan. (Screenshot from Anna Felicia Bajo tweet) A presidential fly-by on Monday was conducted in the ongoing Malampaya Phase IV drilling campaign in Palawan. WATCH: Presidential Fly-By on the ongoing Malampaya Phase IV drilling campaign in Palawan ????: PCO — ????Anna Felicia (@annafelicia_) July 14, 2025 Earlier in the day, President Ferdinand ''Bongbong'' Marcos Jr. said they were going to fly by the rig at the Malampaya gas field. He expressed hope that there is a ''reasonable chance of success in finding further reserves.'' In October of last year, Razon-led Prime Energy Resources Development B.V.'s plan to drill new deepwater wells at the Malampaya gas field received a certification, which will pave the way for faster regulatory approvals of the project. Malampaya has contributed over $13.8 billion to the Philippine government since its commercial operations began in 2001. It supplies about 20% of Luzon's electricity needs and has significantly contributed to the nation's energy independence since 2001. —LDF, GMA Integrated News
GMA Network
07-07-2025
- Business
- GMA Network
Biz group says cost, regulations threaten PH waste-to-energy projects
A business group on Monday underscored that cost, regulatory, and supply challenges have threatened waste-to-energy (WTE) projects in the Philippines. In a press release issued Monday, a policy note from the Makati Business Club stated that unresolved cost, regulatory, and supply challenges continue to cast doubt on the sector's viability. The MBC policy note stressed that cost remains to be the biggest barrier in achieving these projects. ''WTE is significantly more expensive than landfill disposal, which continues to dominate LGU waste management decisions due to its lower upfront cost,'' the MBC said. The policy note also emphasized the need for well-defined rules and improved coordination between national agencies and local government units when it comes to waste-to-energy programs. 'A system-wide view of procurement, infrastructure, and governance can help reduce risks and improve project outcomes,' it said. Meanwhile, another key challenge for WTE was the supply of waste or feedstock as most localities do not generate enough waste on their own in order to sustain a WTE facility. The MBC noted that stronger regional cooperation, such as clustering LGUs to pool waste, would be essential to support larger-scale WTE projects. Recently, a roundtable, which included representatives from the Department of Energy (DOE), Department of Environment and Natural Resources (DENR), Department of Interior and Local Government (DILG), took place along with WTE developers, utilities, and waste service providers. The meeting highlighted their shared commitment to resolve persistent barriers facing the sector. Marcos had expressed support for WTE as he also sees this as a tool to address flood problems in the country. — Anna Felicia Bajo/BM, GMA Integrated News
