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<\/p>\nThe Senate Committee on Energy Technical Working Group said Monday that developing the country\u2019s natural gas industry is critical to driving investments that will enhance national energy security, reduce electricity costs and create more jobs for Filipinos.<\/p>\n
<\/p>\n
During the TWG meeting on Senate Bill No. 2247, Atty Gareth Tungol, special legal counsel of Senator Raffy Tulfo, said that developing the country\u2019s natural gas industry will open up a larger market share for investors as government policy shifts towards clean energy.<\/p>\n
Senate Bill No. 2247 authored by Tulfo seeks to promote the development of a comprehensive, and integrated legislative policy that aids in the rapid development of the Philippines\u2019 natural gas sector.<\/p>\n
The urgency of the bill\u2019s passage arises from the critical need to extend the life of Malampaya gas, which provides about 40 percent of the country’s natural energy needs since 2001.<\/p>\n
The TWG also noted that the bill added \u201cpriority\u201d dispatch for indigenous natural gas to encourage more investments in the development of indigenous gas resources.<\/p>\n
\u201cPagdating sa mga gagamit ng fuel for gas-fired power plants, mauuna yung gas ko kapag galing dito \u2018yung gas ko, di ba?…We are not prioritizing blindly; we are prioritizing Filipino gas first. \u2018Yun ang policy naming because naniniwala kami na dapat hindi ang first step ay importation,\u201d Tungol, who presided over the TWG meeting on behalf of Tulfo.<\/p>\n
\u201cI think \u2018yun \u2018yung best driver ng investment natin dahil instead na mag-invest sila sa importation, mag-invest sila sa facilities, sa mga infrastructure. So may trabaho plus may foreign investment,\u201d he added.<\/p>\n
The Department of Energy (DOE) was present during the TWG meeting and has expressed its support for the development of the country\u2019s natural gas industry, which also aims to promote growth in the power generation industry.<\/p>\n
Tungol also said that using coal is \u201ca lot more ecologically damaging\u201d and more expensive than natural gas.<\/p>\n
\u201cWhen you fire up a coal power plant, hindi \u2018yan parang light switch no, it takes a while to ramp up, to heat up, to generate energy. It also takes a while to adjust that energy, so pag nag-iba \u2018yung energy demand, minsan naiiwan \u2018yung production ng coal, nagkaka-brown out tayo. Ang natural gas, kasi yung planta niyan, mabilis ang transition, so mabilis tayong makaagap, kung kulang yung kuryente sa isang lugar, as long as the grid is connected, pwede ka magbato agad ng excess kuryente dun sa kabila,\u201d he added.<\/p>\n
The TWG has yet to release the exact amount of reduction of prices once the law takes effect because pricing will depend on the market. However, Tungol assured that \u201cthe end goal of all our energy bills is to drive down the [energy] prices.\u201d<\/p>\n
\u201cAng masasabi lang namin, hindi siya kasing volatile as coal. Hindi siya pumuputok, hindi rin siya nagdi-dip ng sobrang baba, magmi-middling siya towards lower energy costs talaga,\u201d Tungol said.<\/p>\n
Aside from energy security, the TWG chair noted that the development of the natural gas industry in the country has a \u201ctrickle-down effect\u201d through generation of jobs.<\/p>\n
\u201cKapag nag-invest \u2018yung malaking corporation, they will need people to work for them, Filipinos \u2018yan most likely ang magtatrabaho para sa kanila. It\u2019s not only income generating for the investors, but it\u2019s also job generating for our country,\u201d Tungol said.<\/p>\n
\u201cMarami tayong skilled engineers dito sa Philippines, marami tayong OFWs na nagtatrabaho sa LNG plants sa ibang bansa, so we have the capacity as a Filipino people to actually support the industry pero wala lang tayong industry dito. So \u2018yun \u2018yung ginagawa namin\u2026 bigyan mo sila ng opportunity to invest, mayroon tayong opportunity to work,\u201d he added.##\ufeff<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The Senate Committee on Energy Technical Working Group said Monday that developing the country\u2019s natural gas industry is critical to driving investments that will enhance national energy security, reduce electricity costs and create more jobs for Filipinos. During the TWG meeting on Senate Bill No. 2247, Atty Gareth Tungol, special legal counsel of Senator Raffy Tulfo, said that developing the country\u2019s natural gas industry will open up a larger market share for investors as government policy shifts towards clean energy. Senate Bill No. 2247 authored by Tulfo seeks to promote the development of a comprehensive, and integrated legislative policy that aids in the rapid development of the Philippines\u2019 natural gas sector. The urgency of the bill\u2019s passage arises from the critical need to extend the life of Malampaya gas, which provides about 40 percent of the country’s natural energy needs since 2001. The TWG also noted that the bill added \u201cpriority\u201d dispatch for indigenous natural gas to encourage more investments in the development of indigenous gas resources. \u201cPagdating sa mga gagamit ng fuel for gas-fired power plants, mauuna yung gas ko kapag galing dito \u2018yung gas ko, di ba?…We are not prioritizing blindly; we are prioritizing Filipino gas first. \u2018Yun ang policy naming because naniniwala kami na dapat hindi ang first step ay importation,\u201d Tungol, who presided over the TWG meeting on behalf of Tulfo. \u201cI think \u2018yun \u2018yung best driver ng investment natin dahil instead na mag-invest sila sa importation, mag-invest sila sa facilities, sa mga infrastructure. So may trabaho plus may foreign investment,\u201d he added. The Department of Energy (DOE) was present during the TWG meeting and has expressed its support for the development of the country\u2019s natural gas industry, which also aims to promote growth in the power generation industry. Tungol also said that using coal is \u201ca lot more ecologically damaging\u201d and more expensive than natural gas. \u201cWhen you fire up a coal power plant, hindi \u2018yan parang light switch no, it takes a while to ramp up, to heat up, to generate energy. It also takes a while to adjust that energy, so pag nag-iba \u2018yung energy demand, minsan naiiwan \u2018yung production ng coal, nagkaka-brown out tayo. Ang natural gas, kasi yung planta niyan, mabilis ang transition, so mabilis tayong makaagap, kung kulang yung kuryente sa isang lugar, as long as the grid is connected, pwede ka magbato agad ng excess kuryente dun sa kabila,\u201d he added. The TWG has yet to release the exact amount of reduction of prices once the law takes effect because pricing will depend on the market. However, Tungol assured that \u201cthe end goal of all our energy bills is to drive down the [energy] prices.\u201d \u201cAng masasabi lang namin, hindi siya kasing volatile as coal. Hindi siya pumuputok, hindi rin siya nagdi-dip ng sobrang baba, magmi-middling siya towards lower energy costs talaga,\u201d Tungol said. Aside from energy security, the TWG chair noted that the development of the natural gas industry in the country has a \u201ctrickle-down effect\u201d through generation of jobs. \u201cKapag nag-invest \u2018yung malaking corporation, they will need people to work for them, Filipinos \u2018yan most likely ang magtatrabaho para sa kanila. It\u2019s not only income generating for the investors, but it\u2019s also job generating for our country,\u201d Tungol said. \u201cMarami tayong skilled engineers dito sa Philippines, marami tayong OFWs na nagtatrabaho sa LNG plants sa ibang bansa, so we have the capacity as a Filipino people to actually support the industry pero wala lang tayong industry dito. So \u2018yun \u2018yung ginagawa namin\u2026 bigyan mo sila ng opportunity to invest, mayroon tayong opportunity to work,\u201d he added.##\ufeff<\/p>\n","protected":false},"author":2,"featured_media":31128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_angie_page":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"page_builder":"","footnotes":""},"categories":[20718],"tags":[1035,6887,3463,2896,3446,11939,4161,4692,5876,2197,881,14364,5567],"class_list":["post-31127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mga-balita","tag-chair","tag-develop","tag-drive","tag-energy","tag-enhance","tag-gas","tag-industry","tag-investments","tag-natural","tag-phs","tag-security","tag-twg","tag-uncategorized"],"yoast_head":"\n