MANILA, Philippines – The German Philippine Chamber of Commerce and Industry (GPCCI) welcomes the announcement by the European Union (EU) regarding their intention to explore the relaunch of negotiations for a Free Trade Agreement (FTA) with the Philippines. [1] GPCCI Executive Director, Mr Christopher Zimmer said, "We are glad to see that the EU...

Celebrating its 10th anniversary, the Philippine Extractive Industries Transparency Initiative (PH-EITI) epitomizes the nation's undying commitment to transparency and accountability within the realms of oil, gas, and mineral resource management. This beacon of transparency, adhering to the global standards set by the EITI, illuminates the Philippine gove...

The country bagged USD50-million worth of funding for renewable energy (RE) projects during the state visit of President Ferdinand R. Marcos Jr. to Malaysia this week. In a statement Sunday, Philippine-based private equity investor New Wave Strategic Holdings, Inc. and its partner, Emissary Capital Partners Sdn Bhd, said their investments here could ge...

Leading off-grid electricity generator DMCI Power Corporation (DPC) is set to build a wind power plant in Semirara Island, home of the biggest coal reserve in the Philippines. DPC intends to finalize the wind power capacity in the coming months, with projections ranging from 8 to 12 MW, and operational implementation expected within 12 to 15 months. Th...

Photo: Madrid-based offshore wind developer BlueFloat Energy announces that its largest planned offshore wind energy project will be located in the Philippines, with a capacity of 7.6 gigawatts. Answering questions from the media are (from left to right) Country Manager for the Philippines Raymund Pascual, Chief Executive Officer Carlos Martin, and Vice P...

President Ferdinand Marcos Jr. on Monday signed the renewal agreement for the Malampaya Service Contract No. 38 (SC 38) that would allow the continued production of the Malampaya gas field for another 15 years until Feb. 22, 2039. During the ceremonial signing at the Malacañang Palace, Marcos said the renewal of the contract, which was originally set t...

Photo: President Ferdinand R. Marcos Jr. attends one of the meetings with US businessmen in Washington, D.C. on Wednesday (April 3, 2023). Marcos pitched to American businessmen the country’s plan to pursue local battery production with the help of foreign technology and capital to help solve problems in energy supply and other energy-related issues. (Pho...

Photo credit: Inquirer Philippines The Philippine and Chinese governments are set to begin talks on new “terms of reference” (TOR) for joint oil and gas exploration in the West Philippine Sea after overall discussion for the cooperation was terminated under the previous administration, the country’s top diplomat disclosed. In a GMA interview transcr...

Photo: Energy Secretary Raphael Lotilla (seated, second from left) and Copenhagen Infrastructure Partners (CIP) association partner Przemek Lupa (seated, third from left) sign the service contracts for three offshore wind energy projects in the country at the Department of Energy office in Taguig City on Thursday (March 30, 2023). CIP is the first foreign...

MANILA, Philippines – On 21 March 2023, the German-Philippine Chamber of Commerce and Industry (GPCCI) in cooperation with the Philippine Energy Efficiency Alliance (PE2) and Cold Chain Association of the Philippines (CCAP) organized a conference entitled “Energy Efficiency and Solar for Buildings”. The conference was held in Makati Diamond Residences ...

Photo: Bataan nuclear power plant - Credit: JAY DIRECTO, AFP/GETTY IMAGES The House Special Committee on Nuclear Energy on Tuesday adopted a resolution calling on the Department of Energy (DOE) to create a Nuclear Energy Division within its organization. During the hearing, the panel, chaired by Pangasinan Representative Mark Cojuangco, adopted Hous...

Photo: Bacolod City Mayor Alfredo Abelardo Benitez (right) with officials of China-based Jiangsu Fengchuen New Energy Power Technology Co. Ltd., who arrived in the city earlier this month. On Monday (Feb. 20, 2023), Benitez said they are studying the firm's formal proposal to establish an electric-vehicle manufacturing plant in the city. (Video grab from ...

Photo credit: Malampaya gas field  Fitch Solutions said the Philippines’ gas consumption outlook remains bullish but the administration’s aggressive push for renewable energy (RE) poses downside risks to natural gas consumption in the power sector. In a commentary released to the media on Wednesday, Fitch Solutions said the country’s gas consumption...

Photo: (seated from left) Senator Mark Villar, House Speaker Martin Romualdez, Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., together with AboitizPower Chairman Sabin Aboitiz and JERA President Sato...

Photo: (Seated, L-R) Senator Mark Villar, House Speaker Martin Romualdez, Senior Deputy Speaker and Former President Gloria Macapagal-Arroyo, Philippine President Ferdinand R. Marcos Jr., Department of Trade and Industry Secretary Alfredo Pascual, Special Assistant to the President Antonio Lagdameo Jr., and Philippine Ambassador-designate to Japan Mylene ...

Photo credit: Ratio Petroleum The Department of Energy (DOE) bared Thursday that Israeli firm Ratio Petroleum, the operator of Service Contract (SC) 76, has found prospective oil and gas deposits in the north part of East Palawan Basin as a result of its exploration within the block. “Ratio Petroleum, the operator of SC No. 76, has identified two po...