Policy & Regulation

Philippines urged to pursue energy self-sufficiency more aggressively

Philippine Senator Sherwin Gatchalian has called for the Philippine government to be more aggressive in its pursuit of energy self-sufficiency
By Staff reporter 10 October 2018 0 32854

Philippine Senator Sherwin Gatchalian, chairman of the senate energy committee, has called for the Philippine government to be more aggressive in its pursuit of energy self-sufficiency, particularly in terms of oil and gas exploration, according to the Manila Bulletin.

The rising price of oil is hitting the Philippine economy and increasing inflation. Greater energy self-sufficiency would reduce the amount the country spends on oil imports.

Malampaya, the Philippines’ only gas field, is expected to be depleted by the middle of the next decade, and...