Energy
From The Report: Philippines 2014
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The emergence of new hydrocarbons fields has helped the Philippine energy sector make up for declining output starting in the mid-1990s. While primary energy demand continues to outstrip diminishing domestic production, output from relatively recently exploited reserves are offsetting maturing blocks as the sector looks to implement a strategy of efficiency, diversification and further exploration and development.
This chapter contains interviews with Jericho L Petilla, Secretary, Department of Energy; and Oscar Reyes, President and CEO, Manila Electric Company.

Articles from this Chapter

Overview

Diminishing returns: As oil and gas output declines, new sources of energy are becoming a priority
OBG
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The emergence of new hydrocarbons fields has helped the Philippine energy sector make up for declining output starting in the mid-1990s. While primary energy demand continues to outstrip diminishing domestic production, output from relatively recently exploited reserves such as the Galoc oil field and the Malampaya natural gas field are offsetting maturing blocks as the sector looks to implement a strategy of efficiency, diversification and further exploration and development. POTENTIAL: In…

Analysis

Key alternatives: The government seeks to expand the renewables portfolio
OBG
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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 seeks to diversify and expand renewable energy contributions to the energy mix. In broad strokes, the programme aims to increase installed capacity…

Interview

OBG talks to Jericho Petilla, Secretary, Department of Energy
OBG
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Interview:Jericho Petilla How can the Philippines balance energy self-sufficiency with increasing outside demand for power? JERICHO PETILLA: Owing to economic growth, energy demand has risen considerably. Given that the building of base load capacity takes from three to four years, projects now in the middle of construction will not be enough since demand exceeds initial forecasting. In this race between supply and demand, the key thing is accurate demand forecasting. Although we previously…

Interview

OBG talks to Oscar Reyes, President and CEO, Manila Electric Company (Meralco)
OBG
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Interview:Oscar Reyes 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? OSCAR REYES: The entire electricity supply chain requires sizeable investment, from generation to transmission and then distribution, not only in cities such as Manila but also in rural parts of the country where electrical cooperatives are still the main service providers. Most existing power plants were built before the year 2000,…