It is difficult to overstate how important the Malampaya Deep Water Gas-to-Power project is to the Philippines. Since production began in 2001, the joint venture of operator Shell Philippines Exploration and partners Chevron Malampaya and Philippine National Oil Company-Exploration Corporation has generated billions of dollars in revenue for the national government, reduced the country’s energy imports by an estimated 30%, and provided a powerful symbol of co-operation between the public and private sectors in a nation eager to promote a business-friendly environment to international investors.
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