San Miguel Interested in Shell’s Stake in Philippine Gas-to-Power Project
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Royal Dutch Shell Plc plans to sell its stake in the Philippines’ Malampaya gas-to-power project, which supplies at least one-fifth of the Southeast Asian nation’s electricity requirement, Energy Secretary Alfonso Cusi said.
The company is looking for a buyer of its 45% stake in the venture, Cusi said in a mobile phone response to questions about the move, which was reported earlier by the Manila Bulletin.