Market Research Report
Philippines Oil & Gas Q1 2020
|Published by||Fitch Solutions, Inc.||Product code||177753|
|Published||Content info||88 Pages
Delivery time: 1-2 business days
|Philippines Oil & Gas Q1 2020|
|Published: November 5, 2019||Content info: 88 Pages||
A modest showing in the Philippines' 2019 oil and gas licensing round affirms our downbeat outlook for the country's upstream sector over the coming years. Challenges to replacing declining output from the giant Malampaya gas field is expected to see the Philippines become ever more reliant on energy imports. Notably, the anticipated start of first LNG imports by 2020 will allow domestic gas consumption to grow beyond the constraints of indigenous supply, encouraging stronger utilisation in power generation and industrial process.