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I’ve mentioned here before that there is a looming energy crisis, and that the Russian invasion of Ukraine will exacerbate an already precarious energy situation. ....
(File photo) MANILA - The attempt of senators running in the coming May 2022 polls to torpedo the Malampaya sale to a Filipino businessman "will benefit an Indonesia oligarch," according to columnist Riboerto Tiglao. In his February 16 column published in the Manila Times, Tiglao said Senators Risa Hontiveros, Sherwin Gatchalian, and Vicente Sotto III, are taking advantage of the nation's focus on the May 2022 polls to pressure the Department of Energy (DOE) to cancel the USD560-million sale of the US multinational Chevron Malampaya LLC's 45 percent stake in the Malampaya Gas Field Project to Davao City-based businessman Dennis Uy in October 2019. "The three senators have been pressuring, through four different proposed Senate resolutions since November 2020, the Energy Department to cancel the transaction by threatening criminal and administrative charges against them - not just against Energy Secretary Al Cusi but 11 other officials, mostly mid-level, who have ....