In a landmark step toward bolstering energy access across the archipelago, Chevron Philippines Inc. (CPI), the name behind Caltex fuels and lubricants, has renewed lease agreements with Batangas Land Company, Inc. (BLC) for four key terminals located in San Pascual (Batangas), Lapu-Lapu (Cebu), San Fernando (La Union), and Sasa (Davao City).
The signing ceremony, held at the Makati Shangri-La Hotel, marked the culmination of a two-year dialogue and reaffirmed the companies’ shared vision of powering progress across the Philippines. Present at the event were CPI Country Chairman Billy Liu and BLC President Lilia Arce, alongside representatives from both private and public sectors.
“These facilities are more than terminals—they are lifelines that keep our country moving,” said Liu. “This partnership with BLC strengthens our ability to meet the ever-growing energy demands of the Filipino people.”
Arce echoed this sentiment, stressing the importance of cross-sector collaboration: “This renewal is a shining example of how private enterprise and government-backed entities can work together for the benefit of communities nationwide.”
Chevron’s regional leadership was also present, including Vice President for Asia Pacific Sales Yu Lee Toh, who highlighted the opportunity this agreement presents for future investments. “This lease renewal is a strong signal of Chevron’s confidence in the Philippine market and our commitment to invest further in its growth.”
The event drew attendance from high-level representatives of the Department of Trade and Industry, National Development Company, Department of Energy, and the US Embassy. US Ambassador MaryKay Carlson remarked on the renewal’s broader geopolitical significance: “This partnership embodies the enduring spirit of US-Philippine relations and shows what long-standing allies can accomplish together.”
NDC General Manager and BLC Director Saturnino Mejia emphasized the role of the terminals in sustaining local employment and economic activity, while DTI Undersecretary Ceferino Rodolfo shared that national leaders fully backed the renewal as a key driver of continued regional energy access.
With over 100 years of local presence and more than 600 active service locations, Chevron continues to invest in Philippine energy security, ensuring dependable fuel access across Luzon, Visayas, and Mindanao for years to come.
