The gov't. could have used the remaining gas from the Malampaya field as a stabilizing source of supply to temper price volatility in the gas market, instead of allowing control of the field to change hands, according to an alternative-energy think tank.
“In the interim and while securing genuinely long-term and affordable solutions in the form of renewables, handling Malampaya could have been a means for the government to temper price blows,” Gerry C. Arances, executive director of Center for Energy, Ecology, and Development, said in a message toMr. Arances said the government missed an opportunity by allowing the ownership transfer, which “makes no difference for consumers who still have to pay high electricity prices.
Last month, Prime Infrastructure Capital, Inc. acquired the 45% stake of Shell Philippines Exploration BV in Service Contract 38, covering the Malampaya field. The DoE found Prime Infra technically, financially, and legally qualified to succeed Shell as the Malampaya operator. Alberto R. Dalusung III, an adviser on the energy transition to the Institute for Climate and Sustainable Cities, said in a Viber message toon Saturday: “LNG does not appear to be an economic energy source currently and up to the medium term. Therefore, the only practical source of gas for the Philippines will be indigenous gas.”
“I have always taken a contrary position on the interpretation of some constitutional provisions that treat renewable energy sources such as solar and wind as if they were mineral resources, subject to state-defined limits on foreign participation. Renewable energy resources are not exhaustible and their proper use will not deprive future generations of the same resources.
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