The Philippine Department of Energy (DOE) outlines an overly ambitious two-fold agenda. This is to attain energy security and implement power marketĀ reforms. By 2040, the Philippine oil and gas sector intends to increase reserves and production of local oil, gas, and coal. Then, improve downstream oil industry policies for the continuous supply of high-quality and quantity petroleum products. And establish anĀ investment-driven natural gas industry in the Philippines.
