Mediterranean-focused Energean on Thursday forecast higher 2024 production, which was nevertheless affected by slower gas demand growth in Israel, after profit more than doubled last year.
MANILA - The Department of Energy (DOE) and the University of the Philippines Statistical Center Research Foundation, Inc. (UPSCRFI) have completed the Natural Gas Development Plan (NGDP) that aims to attract investments in the country's downstream natural gas industry. The NGDP, which is the second phase of the Gas Policy Development Project (GPDP), was turned over by the United States Department of State Bureau of Energy Resources on Thursday. "We underscore the importance of developing our natural gas industry. As part of our strategy and ensuring energy security, we need to strengthen our strategies and policies," DOE director Rino Abad said in a statement. The NGDP will serve as a guide to policymakers, regulators, and investors in the development of the Philippine Downstream Natural Gas Industry (PDNGI). The blueprint contains information on the existing legal framework, gas demand outlook, ongoing projects, membership of the Technical Committee on Downstream Natura