Philippines Energy

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Hopes of a path towards energy independence in the Philippines are gathering pace thanks to encouraging steps forward at the Malolos-1 onshore well in Cebu. Australian oil firm Gas2Grid said in July it is in the process of applying to the Department of Energy (DoE) to increase production for a full appraisal of the field.

Possessing some of the region’s most impressive reserves of mineral wealth, the Philippines has the potential to forge itself into one of the world’s premier mineral extraction and export nations. Situated along the Pacific’s famed Ring of Fire, the country boasts mineral reserves estimated at $850bn, including the third- largest gold reserves in...

Caught in the crossfire between a maelstrom of competing interests and agendas, policy makers attempting to hammer out a new regulatory regimen for the mining sector have had a tough go of it in recent years. In an attempt to find a middle ground, the central government has tried time and again to introduce reform and revise the legislative...

What reforms are needed to accelerate upstream activities and incentivise investment?

What kind of incentives need to be put in place to increase the amount of investment in tapping low-carbon and indigenous sources of energy?

Already producing more than one-quarter of its electricity from renewable energy sources, the Philippines has a proven track record in developing large-scale, economically viable green energy projects. But while earlier power plants have consisted almost exclusively of hydro and geothermal power, the country’s new National Renewable Energy Programme...

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