Philippines bares LNG plan

Philippines bares LNG plan

The Philippines' natural gas supply from the Malampaya field is projected to
last until 2024, making the country an emerging liquefied natural gas (LNG)
market in Asia, Department of Energy (DoE) Undersecretary Jesus Cristino
Posadas said Tuesday.

"We are working closely with legislators to facilitate the enactment of a
law declaring energy projects as projects of national significance and for
the Philippine Department of Energy to develop a program for LNG
infrastructure," Posadas said as he opened the three-day 6th Asean+3 Oil
Market and Natural Gas Forum and Business Dialogue held at the Sofitel
Hotel.

"We are also looking at LNG importation as an option to supplement or
replace our local natural gas to ensure sustainable supply for power and
eventually to non-power applications," he added.

The forum, conducted under the platform of the Senior Officials' Meeting on
Energy (SOME) +3 and Asean Ministers on Energy Meeting (AMEM) +3, aims to
continue sharing knowledge and expertise, policy updates, best practices on
oil and natural gas situation and developments among the Asean+3 member
countries.

The forum sessions mainly focused on updates on the oil and gas market
situation and outlook, flexible and transparent LNG market for the Asean,
oil and gas business updates, and oil and gas policy updates.

Representatives and other delegates actively participated in the roundtable
discussion and open forum. They come from the government, national oil
companies and business sectors of Brunei Darussalam, Cambodia, Indonesia,
Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam, China, Japan, and
South Korea.

Also present in the event were representatives of the Asean Center for
Energy (ACE), Asean and the Asean Council on Petroleum (ASCOPE).

The event is the second time the Philippines is hosting the annual forum.
The first was in 2013.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.manilatimes.net/philippines-bares-lng-plan/328846/

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com