Within the context of the country's broader energy sector goals, the policies and objectives for the development of the Philippine downstream natural gas industry have been crafted and supported the Energy Reform Agenda of energy access for more by ensuring energy security, optional energy pricing and develop a sustainable energy system. This will ensure an efficient, coordinated and integrated approach that enunciated policies are attained.
| Policies |
Objectives |
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Promote natural gas as an environment-friendly, secure, stable and economically efficient source of energy Promote competition by liberalizing entry into the industry and adopting competitive and fair trade measures with due regard to public welfare and the financial viability of industry participants Ensure compliance with Philippine environmental laws and international safety standards, rules and regulations |
Increased share of natural gas in the energy and power mix while maintaining a diversified fuel mix Increased utilization of natural gas as fuel in the power and non-power sectors Competitive natural gas prices vis-à-vis other fuels in a regulated market which transforms into a deregulated market characterized by gas-to-gas competition and market based transactions Adoption of state-of-the-art technology, development of experts in energy matters, increased employment and manpower development in localities where the development of indigenous natural gas is undertaken Enhanced economic benefits to consumers |
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