- Chevron exited Malampaya in November 2019, as part of an asset review to re-focus on shale, selling its 45% stake to local player Phoenix Petroleum that is part of the Udenna conglomerate.
- The natural candidate to acquire Shell's departing stake would be PNOC, which is already 10% owner of Malampaya, since that would bring the disparate and minor upstream assets in the Philippines under more centralised control.
- The Philippine government has finally given the official nod to an LNG scheme by local player First Gen Corporation (backed by Japan's Tokyo Gas).
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