VERA FILES FACT SHEET: Four things you need to know about Malampaya
A reader recently requested VERA Files Fact Check to clarify the ownership status of the Malampaya gas field in offshore northwest Palawan following reports that the group of billionaire Enrique Razon Jr., through development arm Prime Infrastructure Holdings (PIH), Inc., is “poised to acquire a controlling stake” in the project through an agreement with Davao-based businessman Dennis Uy’s Udenna Corp., and in view of projections that its gas reserves would run dry by 2027.