DOE, Japan’s JOGMEC ink accord to update PHL nat’l oil contingency plan By TED CORDERO, GMA News
Published May 12, 2021 5:00pm The Department of Energy (DOE) and Japan Oil, Gas and Metals National Corporation (JOGMEC) on Tuesday signed a memorandum of agreement (MOA) for a study that would update the 2002 Philippine National Oil Contingency Plan, as well as provide recommendations on the creation and operation of a Strategic Petroleum (SPR) Program. In a statement, the DOE said the MOA was signed by Energy Secretary Alfonso Cusi and JOGMEC CEO Tetsuhiro Hosono. “Today’s signing speaks volumes on Japan’s commitment to help the Philippines succeed in attaining its energy security goals. I take this opportunity to express our appreciation to the Japanese government and its private sector for helping us attain our long-term goals,” Cusi said in his remarks during the signing ceremony.