Commodities
Prime Energy Supplies Malampaya Gas to Major Power Plant
The Razon-led Prime Energy has signed an interim natural gas supply arrangement with South Premiere Power Corp. (SPPC) to help lower electricity costs for consumers.
Under this deal, SPPC's 1,200-megawatt Ilijan power plant will receive Malampaya gas supply from September 1, 2026, until February 25, 2027.
Prime Energy president and CEO Donnabel Kuizon Cruz said that 'this demonstrates that indigenous Malampaya gas can help lower electricity costs for consumers while delivering a reliable energy supply.'
The arrangement will also broaden the utilization of Malampaya gas across the Luzon grid, supporting the operations of the Pangilinan-Ang-Aboitiz-backed Ilijan plant.