MANILA: In its quest for energy security and an ambitious shift to renewables, the Philippines finds itself at a critical crossroads, grappling with the economic realities of imported liquefied natural gas (LNG) and the goal of expanding its clean power sector.
The waning reserves of the Malampaya gas field, the country’s only indigenous commercial source of natural gas since its operations commenced in the early 2000s, have been forecast to run dry by 2027, with supply expected to be depleted starting in 2024.
