The amount of money that the national government receives as its share from the Malampaya project is expected to further shrink next year, data from the Department of Budget and Management (DBM) revealed.
Based on the 2024 National Expenditure Program submitted by the DBM to Congress, the government will receive next year approximately P13.5 billion in royalties from Malampaya, a deep water gas-to-power project located in offshore Palawan.
DBM records revealed that the government's share of Malampaya’s revenues has experienced fluctuations since 2014, with some periods seeing an increase in royalty remittances while others have witnessed a decrease. The Malampaya project is a crucial power asset in the Philippines, providing natural gas for power plants that satisfy approximately 20 percent of the country's electricity needs.
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