The Bases Conversion and Development Authority (BCDA), through its subsidiary Poro Point Management Corporation (PPMC), has renewed lease agreements with Chevron, Shell, and Petron to sustain their operations at the San Fernando International Seaport, strengthening energy security and supply chain reliability in Northern Luzon.
Signed on September 28, 2026, the agreements reinforce the seaport’s role as a key logistics hub for fuel distribution, essential commodities, and commercial trade in the region.
BCDA President and CEO Engr. Joshua M. Bingcang said maintaining a transparent and efficiently managed port environment is crucial to long-term economic stability and attracting investments.
PPMC President and CEO Servillano C. Flores Jr. emphasized that the lease renewals reflect the corporation’s commitment to strong industry partnerships, reliable port operations, and sustainable economic growth in the Poro Point Freeport Zone.
The three petroleum companies likewise underscored the importance of the partnership in ensuring safe and dependable operations and maintaining a stable fuel supply for Northern Luzon.
Chevron Manager for DM&C Field Operations, Lubricants and International Terminals Mario T. Serranillo reaffirmed the company’s commitment to safe, reliable, responsible, and sustainable operations.
Petron Vice President for Procurement Jacqueline L. Ang highlighted the company’s longstanding presence at the site, dating back to the 1960s, while expressing optimism about expanding its partnership under the BCDA Group.
Shell Contracts and Maintenance Manager Paulo L. Ocampo, meanwhile, stressed the importance of the agreement in maintaining fuel supply stability in La Union and other Northern Luzon markets.
The continued operations of the three petroleum companies are expected to support local employment, sustain industrial activity, and improve supply chain connectivity across the region.
The lease renewals align with the national government’s push to modernize critical infrastructure, strengthen energy security, and promote sustained regional economic development.
