Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas. The two explained that gas aggregation would make it possible to blend declining volumes of indigenous Malampaya gas with imported LNG.
They said that this framework would ensure a least-cost solution for consumers, enhance energy security and provide a competitive power generation market, while exploration activities leading to the commercial development of new indigenous natural gas fields are undertaken. Prime Infra pointed out that the gas aggregator proposal will provide an orderly system of natural gas distribution. The proposed gas aggregation strategy has the support of the Department of Energy. According to Energy Secretary Raphael Lotilla, the proposal could help cushion the impact of a surge in prices of LNG because of the Ukraine-Russia wa
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