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Showing posts with the label LNG imports Philippines

Philippines Natural Gas Transition: LNG Price Volatility & Energy Security Explained

Domestic natural gas and LNG imports play a critical role in shaping electricity prices and energy security in the Philippines.(Representing ai image) Philippines’ Natural Gas Transition: Energy Security, LNG Dependence, and the Role of Domestic Gas Discoveries  - Dr.Sanjaykumar pawar Introduction: Why Natural Gas Matters to the Philippines Energy is the invisible backbone of any modern economy. For the Philippines—an archipelagic nation with fast-growing electricity demand—energy security is not just an economic issue but a national priority. Over the past two decades, natural gas has played a stabilizing role in the country’s power sector, offering a cleaner and more flexible alternative to coal and oil. However, the Philippines now stands at a critical crossroads. The decline of its only major domestic gas source, the Malampaya Gas Field , has pushed the country toward liquefied natural gas (LNG) imports , exposing households and industries to global price volatility. At th...