The Department of Energy (DOE) has been in talks with the consortium-members of the Malampaya gas field project on prospects of retaining the oil-linked gas pricing formula in the targeted new gas sale and purchase agreements (GSPAs) that shall be cemented for the 15-year service contract extension...
The intensified cooperation between the Philippines and Indonesia on energy will greatly help the country address its energy security goals – primarily in the transition period when need for coal plants as well as the increasing shift to liquefied natural gas (LNG) fuel will still bridge domestic...
The anticipated scorching grip of El Niño may still alter power supply-demand projections, especially when temperature would exceptionally rise during the summer months, according to the Department of Energy. “Power supply projections may still change, even if we have adequate projection, due to...
The Department of Energy (DOE) is counting on the capacity contribution of greenfield solar plants that are coming on commercial stream during the summer months, primarily to plug capacity gap arising from the de-rated generation of the hydro plants due to the incursion of El Niño spell. In a...
“Energy security’ is a crescendo that has not come yet for the Philippines despite the years of restructuring and rumbling changes in the power industry – and it was also hardly a stuff for reasoned policy analysis through the years. That then places the country in a catchup mode - not just...
The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
Major hurdles on technology access as well as prospective investment partnerships between Filipino and American nuclear firms will now be eased following the signing of the historic 123 Agreement on nuclear power cooperation between the Philippines and United States governments. The nuclear deal...
The much-awaited and historic ‘123 Agreement’ on nuclear power cooperation was finally signed between Philippine Energy Secretary Raphael P. M. Lotilla and United States Secretary of State Anthony Blinken, the Department of Energy (DOE) has announced. The Governments of the Philippines and the...
The local coconut and biodiesel industries declared that they are ready to increase production in support of President Ferdinand R. Marcos’ plan to increase the mandated biodiesel blend at the pumps to three percent (B3) from the current rate (B2) as part of measures needed to address rising fuel...
In the country’s bid for nuclear power development renaissance, the Philippine government – through the Department of Energy (DOE) – has been in search for viable financing tools and instruments that shall underpin planned deployments not just of the small modular reactors (SMRs) but also...
President Marcos tasked government agencies to prepare for the "eventual manufacture" of electric vehicles in the country. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting in Malacañang on Oct. 24, 2023. (Photo courtesy of PPA Pool/KJ Rosales) Marcos,...
