RP, ASCOPE to sign gas pact<\/p>\n
SINGAPORE (Dow Jones): State-owned Philippine National Oil Co.
\nand the Asean Council on Petroleum, or ASCOPE, will sign a
\nmemorandum of agreement in the first quarter of next year for the
\nPhilippines to participate in the proposed trans-Asean gas
\npipeline, according to the Philippine Star Monday.<\/p>\n
Energy Secretary Vincent Perez said Philippines' involvement
\nin the pipeline would enhance economic integration among Asean
\nmembers, including the Philippines.<\/p>\n
The Asean pipeline would also be connected to the Philippine
\nMalampaya gas field, which is scheduled to begin production Oct.
\n1.<\/p>\n
Perez said a task force on the trans-Asean gas pipeline was
\norganized in November 1999, and a working group to study the
\nAsean gas pipeline interconnection was formed in April 2000.<\/p>\n
The initial draft of the interconnection plan was completed in
\nOctober last year and is scheduled to be finalized this year, the
\nStar said.<\/p>\n
The plan identified seven new possible gas interconnections
\nthat would require 4,200 kilometers with total investment pegged
\nat US$7 billion, the Star reported.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/rp-ascope-to-sign-gas-pact-1447893297",
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"sponsor": "Okusi Associates",
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