MANILA, Philippines — Senator Sherwin Gatchalian on Friday called on the Department of Energy (DOE) to justify its decision approving the transfer of Chevron Philippines’ ownership in Chevron Malampaya LCC to Udenna Corporation (UC) Malampaya Philippines.
Gatchalian, Chairman of the Senate Committee on Energy, noted that UC Malampaya Philippines completed on March 11, 2020, its acquisition of Chevron Malampaya LLC, the holder of a 45% interest in Malampaya gas field project. Still, it was only on October 28, 2020, that the DOE was officially provided with the Malampaya share’s divestment documents.
“Prior to the DOE announcement on their approval of the sale, it is worthy to note …
Keep on reading: Gatchalian to DOE: Justify Udenna’s acquisition of Malampaya stake