In­te­gra­tion, poli­cies to en­sure en­ergy sup­ply

Manila Times - - BUSINESS - JORDEENE SHEEX LAGARE

RE­GIONAL con­nec­tiv­ity and de­mand-driven pol­icy will help en­sure the se­cu­rity, sta­bil­ity and re­siliency of en­ergy sup­plies, En­ergy Sec­re­tary Al­fonso Cusi said.

Cusi told the 1st East Asia En­ergy Fo­rum on Wed­nes­day that the Philip­pine gov­ern­ment had pre­sented all avail­able op­tions to con­sumers and adopted a neu­tral en­ergy stance.

The coun­try, he said, is now open to us­ing en­ergy sources that are widely avail­able to en­sure a vi­able en­ergy mix and also con­sid­er­ing as­pects such the en­vi­ron­ment.

More than 15 high- level ex­perts and pol­i­cy­mak­ers tack­led en­ergy goals and is­sues re­gard­ing coal, oil, and gas dur­ing the fo­rum.

Based on the Eco­nomic Re­search In­sti­tute for Asean and East Asia en­ergy out­look, sus­tained pop­u­la­tion and eco­nomic growth in the re­gion will lead to en­ergy de­mand nearly dou­bling from 2013 to 2040.

At­ten­dees con­ceded that fos­sil fuels would as­sume a cen­tral role in the en­ergy mix although coun­tries are plan­ning to di­ver­sify and use re­new­able en­ergy sources.

Coal will re­main the pri­mary fuel even as its shares in the pri- mary en­ergy mix is ex­pected to de­cline from 52 per­cent in 2013 to 45 per­cent in 2040.

The share of gas, mean­while, is pro­jected to rise to 14 per­cent from 9.5 per­cent over in same pe­riod.

Asia’s re­liance on oil im­ports will in­crease, leav­ing the re­gion vul­ner­a­ble to oil shocks as re­gional pro­duc­tion ca­pac­ity re­mains con­stant.

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