JOHANNESBURG--December 6, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The consortium operating the Malampaya deep-water-to-gas power project in the Philippines offshore Palawan region is set to begin the third phase of its additional investment in the gas field. Royal Dutch Shell (NYSE:RDS) (The Hague, Netherlands) Philippines Exploration BV and its joint venture partners Chevron Corporation (NYSE:CVX) (San Ramon, California) Malampaya LLC and PNOC Exploration Corporation (Philippine National Oil Corporation, Manila) own the Service Contract 38 (SC 38) license. They will hold a strike steel ceremony on Friday this week at the Keppel Subic shipyard in Zambales to signal the commencement of Malampaya Phase 3. The event will see the ceremonial cutting of the steel plate that will form the mold for the platform base. Additional companies: Korea Electric Power Corporation (NYSE:KEP) .