Enrique Razon Jnr is acquiring a majority stake in the South China Sea gas field Malampaya. Photo: Reuters
Enrique Razon Jnr is acquiring a majority stake in the South China Sea gas field Malampaya. Photo: Reuters

South China Sea: Philippine tycoon and Duterte ally Enrique Razon to buy majority stake in gas field

  • Tycoon will have a controlling stake in the Malampaya offshore gas field, which fuels power plants delivering about one-fifth of The Philippines’ electricity
  • Billionaire Enrique Razon is a close ally of outgoing President Rodrigo Duterte and his business empire has expanded rapidly under the country’s leader

Enrique Razon Jnr is acquiring a majority stake in the South China Sea gas field Malampaya. Photo: Reuters
Enrique Razon Jnr is acquiring a majority stake in the South China Sea gas field Malampaya. Photo: Reuters
READ FULL ARTICLE