Figure 6.14
Malampaya Gas-To-Power Project

• Philippines’ largest infrastructure development project costing US$4.5B
• World-class project being developed by Shell, Chevron Texaco, and PNOC
• Consistent with Government’s policy to enhance energy self-sufficiency:
• of country’s power requirements by 2002
• Significant future cash flow contributor to the Government
• US$8B forex savings