We welcome government's participation, through PNOC
, in enabling LNG and further grow the gas industry in the country and we look forward to further talks with PNOC
The Philippines is allowing it because CNOOC has been contracted to do it together with PNOC
and Mitra, and therefore acting fully under Philippines control, not because there is no dispute,' he added.
She was also previously connected with PNOC
The PBTF's $500,000 grant will fund the PNOC
operations center for two years, enabling more effective collaboration between members to help shorten the time from project concept to clinical trial opening.
has first option to buy the stake, and has 60 days in which to decide whether or not to exercise the option, he said.
now plans to operate three power plant units of 40 megawatts each.
But under the policy, PNOC
or its unit PNOC
Batongbacal warned that the deal would 'elevate' the status of CNOOC from a mere subcontractor to PNOC
to a 'co-owner' of SC 57.
The Philippines is allowing it (exploration) because CNOOC has been contracted to do it together with PNOC
and Mitra, and therefore acting fully under Philippine control, not because there is no dispute,' he wrote.
The official added that it all depends on the partnership proposal that PNOC
will get and the modality that they will be propose whether BOT or JV.
Manila spooked investors last year when President Gloria Macapagal Arroyo voided a deal allowing Malaysia's Mitra Energy to hold talks with the state-run PNOC
Exploration Corporation about drilling Malampaya together.
and PTT are both willing to share half the financing costs of the pipelines and the gas terminals, which are expected to cost up to $US700 million.