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Shell's legal win a boost for Malampaya

Shell's victory in its tax dispute could see it extend the production life of the Philippines' biggest gas field, which could be bad news for LNG projects planned for the country Shell's victory in its tax dispute could see it extend the production life of the Philippines' biggest gas field, which could be bad news for LNG projects planned for the country.
By Damon Evans 2 May 2019 Asia Pacific / Exploration & Production 0 34183
The Malampaya project in the Philippines. (Shell)

The key issue: The Singapore International Arbitration Center last week ruled in favour of a Shell-led consortium in a tax dispute with the Philippine government dating back to 2002 over production from the Malampaya gas field.

Interfax analysis: The decision by the Singapore International Arbitration Center in Shell’s legal battle over its Malampaya service contract paves the way for further investment in the Philippines’ biggest gas field. 

Following the settlement, Shell is reportedly seeking a further six-year extension to its Malampaya contract, which...