Falling natural gas and condensates output at the Malampaya field is unlikely to be replaced by other significant sources of oil and gas production ; the Philippines' dependence on crude oil, refined fuels and LNG will deepen over the next 10 years.
The main trends and developments we highlight for the Philippines' oil and gas sector are:
The Philippines is set to commence its first LNG trade when Energy World Corporation's 4.1bcm LNG import terminal at Pagbilao comes online in H216.
First Gen Corp's USD1.0bn LNG import project in Batangas is slated to come online by 2021/2022.
Implementation of Euro-IV fuels standards nationwide from January 2016 will increase domestic supply of higher-quality fuels (gasoline, low-sulphur diesel, LPG & petrochemicals) at the expense of heavier, more pollutive fuels.
Full Report Details at
- http://www.fastmr.com/prod/1197540_philippines_oil_gas_report_q3.aspx?afid=301
Completion of Phase II & III expansion works at the Malampaya field will help to improve recovery rate and extend production life, though the field is anticipated to deplete by 2030.
PNOC-EC made a potentially commercial gas discovery at the Mangosteen field, which could provide a small boost to domestic gas output in the latter half of the decade.
The Philippines Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Philippines including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Philippines Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Philippine oil and gas industry.
Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Philippines to test consensus views - a key input for successful budgeting and strategic business planning in the Philippine oil and gas market.
Target business opportunities and risks in the Philippine oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Philippines.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.
Industry SWOT Analysis
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New Report Available: Philippines Oil & Gas Report Q3 2016
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001