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Press Release - WIN SPONSORSHIP SPEECH | SBN 2203 / CRN 255 MidstreamNatural Gas Industry Development Act


Press Release
Midstream Natural Gas Industry Development Act
Tuesday, May 18, 2021
Delivered by the Honorable Win Gatchalian, Senator of the 18th Congress:
Mr. President, distinguished colleagues, the legislation we are sponsoring today aims to develop a critical component of one of the Philippines most important energy industries - natural gas. 19% of the country s power is generated from natural gas, making it the third-most utilized source after coal at 57% and renewable energy at 21%. The importance of natural gas is even more pronounced in Luzon, where more than a quarter of the island s power is sourced from natural gas plants. This is second only to coal. Significantly, natural gas plants generated 56% of the 2.5-billion-kilowatt-hours purchased by MERALCO in April 2021, making natural gas the single most impactful electric power source in Metro Manila - the national center of economic productivity and wealth creation. In a nutshell, we can say that Phi ....

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Gatchalian seeks LNG infrastructure to replace Malampaya gas field


Published May 19, 2021, 10:01 AM
A landmark energy legislation that will increase the country’s supply of natural gas from liquefied natural gas (LNG) sources has been placed for floor debates in the Senate.
The bill also seeks to avert possible energy security crisis from happening when operations of the Malampaya gas field project close for good in the near future.
“We could be facing a major energy crisis less than six years from now unless we find alternative sources to supply our country’s demand for natural gas,” Senator Sherwin Gatchalian said in sponsoring Committee Report No. 255, or Senate Bill (SB) 2203. ....

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Malampaya depletion expected by 1st quarter of 2027


BusinessWorld
May 19, 2021 | 8:35 pm
THE remaining reserves in the Malampaya gas field will be completely depleted by the first quarter of 2027, a senator said Tuesday, citing estimates from the Department of Energy (DoE).
“The Malampaya service contract is set to expire in 2024. Even if the service contract is extended, the DoE projects that the estimated 858,834 million standard cubic feet remaining in the Malampaya field as of Sept. 30, 2020 would be completely exhausted by the first quarter of 2027,” Sen. Sherwin T. Gatchalian said in a speech sponsoring a bill regulating the development of the midstream natural gas industry on Tuesday.
Mr. Gatchalian chairs the senate committee on energy. ....

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Vires, AG&P step up plans for LNG vessel, says DoE


By
Angelica Y. Yang
THE Energy department has identified Vires Energy Corp. and Atlantic Gulf and Pacific Co. (AG&P) as potential investors in a floating facility for imported gas, as the country prepares for the depletion of its sole supplier of the energy resource.
“Yesterday, we had a pre-application conference with Vires Energy, which plans to bring in an FSRU (floating storage and regasification unit) and also with AG&P, which has… an initial agreement with San Miguel (Corp.). They also intend to bring an FSRU,” Department of Energy (DoE) Assistant Secretary Leonido J. Pulido III told participants of a Senate hearing on Tuesday. ....

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