Meet us at the POGC specialised offshore event in the Philippines 12th-14th July
06/07/17
There is currently 529.5 km of natural gas transmission pipelines in the Philippines which transport gas from the Malampaya Gas Field to fuel three power plants: 500 MW San Lorenzo, 1,000 MW Sta Rita and 1,200 MW power plants.
Forecast Of Philippines’ Oil & Gas Industry
The latest Philippines Oil & Gas Report from BMI forecasts that the country will account for 1.26% of Asia Pacific regional oil demand by 2015, while providing 0.55% of supply. In terms of natural gas, in 2010 the region consumed around 511.5bn cubic metres (bcm) and demand of 653.9bcm is targeted for 2015. Production of an estimated 405.8bcm in 2010 should reach 556.7bcm in 2015, implying net imports falling from around 105.7bcm to 97.2bcm. The Philippines' share of gas consumption in 2010 was an estimated 0.86%, while its share of production is put at 1.08%. By 2015, its share of gas consumption is forecast to be 0.87%, with the country accounting for 0.95% of supply. Between 2010 and 2020, we are forecasting a rise in the Philippines’ oil production of 7.8%, with crude volumes peaking at 50,000b/d in 2013 before falling steadily to 35,250b/d in 2020. The Philippines is now at sixth place in BMI’s composite Business Environment (BE) league table. The country ranks sixth, just ahead of Pakistan, in BMI’s updated upstream Business Environment ratings, reflecting a reasonable resource position and a better-than-average output growth outlook. The Philippines ranks 11th, between Vietnam and Hong Kong, in our downstream Business Environment ratings, reflecting the modest refinery capacity expansion plans, reasonable oil and gas demand growth outlook and relatively low level of retail site intensity.
Philippines Oil & Gas Conference 12th July 2017, is the only specialised Oil and Gas and Offshore event in the Philippines that brings together an international congregation of Oil and Gas companies, Oil and Gas contractors, Oil and Gas technology providers and also its supporting industries gathered in the capital of Manila
CSS' Charlie Stewart will be attending the show and would like to meet new and existing clients, and any contractors currently working, or wishing to work for CSS.
Get in touch charlie@css-shipservices.com
