The Department of Energy indicated that it is amenable to planned takeover of Razon-led Prime Infra Holdings Inc. for the continued operations of the Malampaya gas field facility.
This time, however, Cusi is welcoming the Razon group with open arms, with him stating that the Prime Infra-Udenna deal is a “positive development not only for the Malampaya consortium, but also the power sector as a whole.” But Cusi and the other energy officials refused to answer media queries on whether or not the “withheld consent” of minority shareholder Philippine National Oil Company- Exploration Corporation on the Malampaya shares’ divestment of Shell had already been lifted.
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