菲律賓能源市場報告

EnergySectorUpdates

UndersecretaryFelixWilliamB.Fuentebella

DEPARTMENTOFENERGY

April27,2023

baiHotelCebu,MandaueCity

2023VISAYASENERGYINVESTMENTFORUM

2023

VisayasEnergy

InvestmentForum

PresentationOutline

1Wherearewenow?

2Whereareweheaded?

3Howdowegetthere?

4EnergyInvestmentOpportunities

2023

VisayasEnergy

InvestmentForum

Wherearewenow?

2023

VisayasEnergy

InvestmentForum

TotalPrimaryEnergySupply2021

Geothermal*

1.8%

Hydro

NaturalGas

5.5%

4.5%

Coal37.1%

OtherRE

16.5%

50.9MTOE

2021TOTALPRIMARYENERGYSUPPLY

43.2%56.8%(22.0MTOE)(28.9MTOE)

INDIGENOUSNETIMPORTED

2023

4

VisayasEnergy

InvestmentForum

MTOE*

TotalFinalEnergyConsumption2021

35.1

ByFuel

BySector

2023

5

VisayasEnergy

InvestmentForum

16,036MW

2021PEAKDEMAND

LUZON:11,640MWVISAYAS:2,252MW

MINDANAO:2,144MW

106,114GWh

Indigenous:45.1%Imported:54.9%

REShare:22%

FossilShare:78%

On-GridPowerCapacityandGenerationMix2021

COAL

43%

11,669MW

INSTALLEDCAPACITY

46%

10,913MW

DEPENDABLECAPACITY

58%

62,052GWh

POWERGENERATION

RENEWABLEENERGY

29%

7,914MW

INSTALLEDCAPACITY

29%

7,005MW

DEPENDABLECAPACITY

22%

23,771GWh

POWERGENERATION

OIL-BASED

14%

3,847MW

INSTALLEDCAPACITY

11%

2,650MW

DEPENDABLECAPACITY

2%

1,616GWh

POWERGENERATION

NATURALGAS

13%

3,453MW

INSTALLEDCAPACITY

14%

3,286MW

DEPENDABLECAPACITY

18%

18,675GWh

POWERGENERATION

2023

6

VisayasEnergy

InvestmentForum

VisayasEnergy

InvestmentForum

2023

Off-GridSupplyandDemandProfile,2020

PeakDemand

AAGR

Luzon

234.49MW

6.85%

Visayas

24.81MW

9.42%

Mindanao

41.38MW

5.40%

TotalPeakDemand

300.68MW

Missionary

Areas

NPC-SPUG

NPPsandDU-Owned

Generators

Total

Dependable

Capacity

(MW)

Numberof

Power

Plants

NPPsand

DU-Owned

Generators

(MW)

Numberof

Power

Plants

Dependabl

eCapacity

(MW)

Numberof

Power

Plants

Luzon

101.15MW

202

296.49MW

19

397.64MW

221

Visayas

21.76MW

49

18.89MW

2

40.65MW

51

Mindanao

54.35MW

26

6.55MW

2

60.90MW

28

Total

177.26MW

277

321.93MW

23

499.19MW

300

7

2022PRODUCTION

UpstreamEnergyDevelopmentProjects,2022

17

PETROLEUMSERVICECONTRACTS(11ExplorationPhase;6ProductionPhase*)

558.27MB112.172BCF

2.71MMB

Oil

Gas

Condensate

2023

VisayasEnergy

InvestmentForum

29

COALOPERATINGCONTRACTS

(20Development/Production;9Exploration)

16.06MMT36.14MMT32.67MMT

7.12MMT

Production

Consumption

Imports

Exports

8

PrivateSectorInitiatedProjects

CommittedProjects

3,685.40MW(35.93%)

41.75MW(0.41%)

3,500.00MW(34.13%)

3,028.90MW(29.53%)

10,256.05MW(100%)

2023

VisayasEnergy

InvestmentForum

COAL

OIL-BASED

NATURALGAS

RENEWABLE

ENERGY

TOTAL

IndicativeProjects

1,520.00MW(2.97%)

335.00MW(0.66%)

6,580.00MW(12.86%)

42,723.53MW(83.51%)

51,158.73MW(100%)

9

Source:DOEListofPrivateSector-InitiatedPowerProjectsasof31October2022

ExistingDownstreamOilFacilities

DOIPlayerParticipants

Refiner

1

Importer

156

ImporterandBunkerTrader

2

ImporterandTerminalOperator/Lessor

3

BulkDistributor

167

BulkDistributorandBunkerTrader

2

BulkDistributorandHauler

11

BulkDistributorandTerminal

Operator/Lessor

5

TerminalOperator/Lessor

10

BunkerTrader

5

Hauler

83

Own-user

37

Retailer

25,847

Refiller

179

GrandTotal

26,508

AsofDecember31,2022

2023

VisayasEnergy

InvestmentForum

DOIPlayerParticipants

*No.of

Facility

StorageWorkingCapacity(MB)

Refinery

1

9,609

ImportTerminal(LPP&LPG)

58

26,602

DistributionDepot(LPP&LPG)

92

5,422

LPGRefillingPlant

13,924

-

LFRetailOutlet

11,923

-

GrandTotal

4,771

6,619,940

AsofDecember31,2022

10

ApprovedLNGProjects

2023

1COD-CommIenrilseainFsoDrautem

Item

Proponent

Project

Location

Capacity

1COD

Estimated

1

FGENLNG

Corporation(Filipino)–80%participating

interest

TokyoGasCo.Ltd(Japan)–20%

participatinginterest

InterimFloatingStorage

andRegasificationUnit

(FSRU)LiquefiedNatural

GasTerminal

BarangaysSta.

Clara,Sta.Rita

Aplaya,andBolbok

inBatangasCity

5.26MTPA

Sep2023

2

LuzonLNGTerminalInc.

ToplineEnergy&PowerDevCorporation

(Filipino)

-(i.e.,currentlyplannedfor30%)

FloatingStorage

RegasificationUnit

(FSRU)LiquefiedNatural

GasTerminal

About9.5km

offshoreinBayof

Batangas

4.4MTPA

Dec2025

3

EnergyWorld

GasOperationsPhilippinesInc.(Filipino)–

100%

participatinginterest

LNGStorageandRegasification

Terminal

Barangay

IbabangPolo,

PagbilaoGrande

Island,Quezon

Province

3MTPA

Dec2023

4

LinseedField

Corporation(Filipino)–upto100%

participatinginterestOsakaGas

Co.,Ltd(Japan)–hasaTechnicalServices

Agreement(TSA)withAG&Ptoprovide

supportonO&M-relatedareas.

Floating

StorageUnit(FSU)and

OnshoreRegasification

and60,000cbmbuffer

LNGstoragetank

BarangayIlijanandDelaPaz,BatangasCity

3MTPA

FSUand

Onshore

11

Regasification–

May2023

BufferLNG

storagetank–

Dec2023

5

ShellEnergyPhilippines,Inc.

(Filipino)–upto100%

participatinginterest

FloatingStorageand

RegasificationUnit

(FSRU)Terminal

Tabangao,BatangasCity

3MTPA

Sep2025

6

ViresEnergyCorporation–(Filipino)–upto

100%participatinginterest

ABrownCompany,Inc.(ABCI)

(Filipino)–100%ownershipofViresEnergy

CorporationasitsParentCompany

FloatingStorageand

RegasificationUnit

(FSRU)Terminal

BarangaySimlong,BatangasCity

3MTPA

April2026

7

SamatLNGCorporation-100%foreign

VisayasEnergy

Small-ScaleLNGTerminal

BarangaySisiman,

Mariveles,Bataan

0.32MTPA

Phase1:

Mar2024

Phase2:

May2025

AwardedRenewableEnergyContracts

SOLAR

OCEAN

HYDROPOWER

BIOMASS

GEOTHERMAL

WIND

12,271MW

POTENTIALCAPACITY

1,129MW

INSTALLEDCAPACITY

8

Awarded

Projects

24MW

POTENTIALCAPACITY

36

AwardedProjects

871MW

POTENTIALCAPACITY

1,931MW

INSTALLEDCAPACITY

142

45,631MW

POTENTIALCAPACITY

443MW

INSTALLEDCAPACITY

Projects

307Awarded

21,414MWp

POTENTIALCAPACITY

1,290MWp

INSTALLEDCAPACITY

77

Awarded

Projects

186MW

POTENTIALCAPACITY

777MW

INSTALLEDCAPACITY

2023

12

VisayasEnergy

InvestmentForum

?4,365kilotonCO2emissionreduction

?357,248greenjobsgenerated

Ph278billion?

RenewableEnergySnapshot

REContractsAwarded

1,002projects5,571MWinstalledcapacity80,399MWpotentialcapacity

REInstalledCapacity

7,914MW(29%)

GreenEnergyAuction(GEA)1

18CertificatesofAward1,866MWcommitted

capacitystarting2025

2023

VisayasEnergy

InvestmentForum

GreenEnergyOptionProgram

19RESuppliers

?199customersswitched

?61MWnon-coincidental

?peakdemand

NetMetering

7,583customers

?63MWpratedcapacity

REInvestmentsGeneratedunder

REAct2008

13

UnioilEVCS(DCFastCharger)SubicBayFreeportZone,Zambales

Filinvest–BatterySwappingStationAlabang,Muntinlupa

UPEEEI(ACCharger)UPDiliman,QuezonCity

EnergyEfficiencyandConservationandAlternativeFuels

44EnergyServiceCompanies(ESCOs)

ElectricitySavings

11.09GWh*

TotalSavings

Php0.86Billion*

GovernmentEnergyManagementProgram(GEMP)

ElectricitySavings

276.97GWh

FuelSaved

113,951.82Liters

TotalSavings

Php2.72Billion

7,144EEDesignatedEstablishments(DEs)

ElectricitySavings

4,063.42GWh*

TotalSavings

Php8.591Billion*

Asof25April2023

*Subjecttovalidation

2023

VisayasEnergy

InvestmentForum

ElectricVehicles(EVs)

EVCSLocations

(AsofApril2023)

338EVCS

AC(SlowCharge)

258

DC(FastCharge)

59

BatterySwappingStations

21

14

2023

RepublicActNo.11234

EnergyVirtualOne-StopShop(EVOSS)Act

Prospectiveenergycompaniescanapply,monitor,and

receiveallthenecessarypermits,andpayforchargesand

fees,throughtheEVOSS’onlineplatform

3,707

ApprovedApplications

9GovernmentOfficesand

Entities

VisayasEnergyInvestmentForum

ProcessesintheEVOSS

System

48processesincludedinthesystem

36processesforintegration

4additionalentities

559

DisapprovedApplications

15

EVOSSSnapshotandApplicationMonitoring(Asof25March2023)

5,985

ReceivedApplications

150

ApplicationsOn-going

Evaluation

Whereareweheaded?

2023

VisayasEnergy

InvestmentForum

VisayasEnergyInvestmentForum

2023

17

PhilippineEnergyPlan2020-2040Targets

“SustainablePathTowards

CleanEnergy”

CompetitiveEnergySector

SustainableEnergy

EnergySecurity

Informationand

RenewableEnergy

EnergyEfficiencyandConservation

EnergyResiliency

CommunicationsTechnology

EmergingandInnovativeTechnologies

5%energysavingson

oilproductsand

electricityby2040

10%EVpenetrationrateinroad

transportby2040;Exploring

newandefficienttechnologies

Resilientand

climate-proofenergy

infrastructure

Adoptingadvancedand

interoperableICTinthe

energychain

VisayasEnergyInvestmentForum

2023

18

EmpoweredConsumers

ResilientInfrastructure

SmartHomesandCities

FutureEnergyScenario

35%ofpower

generationmixby

2030;and50%by2040

PowerGenerationMix,2040

REFERENCESCENARIO

89,717GWh(24.6%)

276GWh(0.1%)

146,858GWh(40.3%)

111,361GWh(34.9%)

364.4TWh(100%)

2023

VisayasEnergy

InvestmentForum

COAL

OIL-BASED

NATURALGAS

RENEWABLEENERGY

TOTAL

CLEANENERGYSCENARIO

80,827GWh(23.1%)

515GWh(0.1%)

93,240GWh(26.6%)

175,492GWh(50.1%)

350TWh(100%)

19

Howdowegetthere?

2023

VisayasEnergy

InvestmentForum

Market-DrivenPolicies

RepublicAct(RA)No.7638orthe

DepartmentofEnergyActof1992

DevelopandupdatePhilippineenergyprogramswhichshallprovideforintegratedandcomprehensiveexploration,development,utilization,distributionandconservationofenergyresources,withpreferentialbiasforenvironment-friendly,indigenous,andlow-costsourcesofenergy

RANo.9136oftheElectricPowerIndustryReformActof2001

Promotetheutilizationofindigenous,andnewandREresourcesinpowergenerationtoreducedependenceonimportedenergy

RANo.9513ortheRenewableActof2008

Acceleratetheexploration,development,utilization,andcommercializationofRE

RANo.11234ortheEnergyVirtualOneStopShopActof2019

Onlineplatformtostreamlinetheprocessingofenergyapplication

2023

VisayasEnergy

InvestmentForum

RA11285ortheEnergyEfficiencyand

ConservationAct

Institutionalizeenergyefficiencyandconservationasanationalwayoflifeandpromote/encouragethedevelopmentandutilizationofefficientrenewableenergytechnologies

RANo.11697ortheElectricVehicle

IndustryDevelopmentActof2022

EstablishtheComprehensiveRoadmapfortheElectric

VehicleIndustrytoacceleratethedevelopment,

commercializationandutilizationofEVs

RANo.11952ortheLPGIndustryRegulationAct

EstablishregulatoryframeworkfortheLPGindustry

RANo.11646ortheMicrogridSystemsAct

Fillthegapinthecountry'sgoalofachieving100percentelectrificationbyencouragingtheinstallationofmicrogridsinunservedandunderservedareas

21

2023

VisayasEnergyInvestmentForum

ComprehensiveEnergyPlansandPrograms

DistributionDevelopmentPlan(DDP),2021-2030

AnnualprogramofDUsformanagingthedistributionsystemtoensurethecontinuity,reliabilityandaffordabilityofelectricityservicetotheconsumers

PhilippineEnergyPlan,2020-2040

Transformationalplantobringinmorecleanenergyfuelsandtechnologies

PowerDevelopmentPlan(PDP),2020-2040

AdoptedthenationalREpowergenerationmixtargetsinlinewiththecommitmenttowardsacleanerenergytransition

Missionary

Electrification

Development

Plan(MEDP),

2021-2025

Developedtoensurequality,reliable,secure,andaffordableelectricityservices,especiallyinthefar-flungareasinthePhilippines

ProposedNationalRenewableEnergyProgram(NREP),2020-2040

Embodiesthecountry’slong-termREtargetsandpolicyandprogrammechanismstoachievethetargets

ComprehensiveRoadmapfortheElectricVehicleIndustry(CREVI)

NationalDevelopmentPlanfortheEVindustrytoacceleratethedevelopment,commercialization,andutilizationofEVsinthePhilippines

22

InvestmentOpportunities

PowerSupplyandDemandOutlook,2025-2040

ThePhilippinesneedatotalof21,235MW

additionalREcapacitytoattainthe35%shareofRE

inthepowergenerationmixby2030and73,183

MWadditionalcapacitytoattainthe50%shareby

2040.

2023

24

VisayasEnergy

InvestmentForum

PhilippineSedimentaryBasins

Totalarea:709,000sqkm

CombinedPotential:8,895MMBFOE

1.IlocosShelf

2.CagayanBasin

3.CentralLuzonBasin

4.BicolShelf

5.SoutheastLuzonBasin

6.Mindoro-CuyoBasin

7.WestMasbate-IloiloBasin

8.VisayanBasin

9.Agusan-DavaoBasin

10.CotabatoBasin

11.SuluSeaBasin

12.EastPalawanBasin

13.SouthwestPalawanBasin

14.ReedBankBasin

15.NorthwestPalawanBasin

16.WestLuzonTrough

2023

25

*source:PHILPRA(2002)forupdateofDOE

VisayasEnergy

InvestmentForum

SERVICECONTRACT

(SC)NO

LOCATION

(Sedimentary

Basin)

AREA

(hectares)

OPERATOR

PHASE/REMARKS

9

SC-55

SWPalawan

988,000

Palawan55Exploration&

ProductionCorp.

Exploration

10

SC-57

NWPalawan

712,000

PNOCExplorationCorp.

Exploration

11

SC-58

NWPalawan

1,344,000

NidoPetroleumPhilippinesPty.Ltd.

Exploration

12

SC-59

SWPalawan

1,476,000

PNOCExplorationCorp.

Exploration

13

SC-72

RectoBank

880,000

Forum(GSEC101)Ltd.

Exploration

14

SC-74

NWPalawan

426,800

PXPEnergyCorp.

Exploration

15

SC-75

NWPalawan

616,000

PXPEnergyCorp.

Exploration

16

SC-76

EastPalawan

648,000

RatioPetroleumLtd.

Exploration

17

SC-77

CotabatoBasin

72,000

SKLiguasanOilandGas

Corp.

Exploration

PetroleumServiceContracts(PSC)forPossibleJointVenture/Farm-inAgreements

SERVICE

CONTRACT

(SC)NO.

LOCATION

(Sedimentary

Basin)

AREA

(hectares)

OPERATOR

PHASE/REMARKS

1

SC-6B

NWPalawan

53,293.95

ThePhilodrillCorporation

Production

2

SC-14C1

NWPalawan

16,300.95

NPGPty.Ltd.

Production

SC-14C2

NWPalawan

17,649.54

ThePhilodrillCorp.

Production

3

SC-37

Cagayan

36,000

PNOCExploration

Corp.

Production

4

SC-38

NWPalawan

86,000

PrimeEnergyResources

DevelopmentBV

Production

5

SC-40

Visayan

340,000

ForumExploration,

Inc.

Production

6

SC-49

Visayan

42,749

ChinaInt'lMiningPetroleumCo.Ltd.

Production

7

SC-53

Mindoro-CuyoPlatform

724,000

ThePhilodrillCorp.

Exploration

8

SC-54

NWPalawan

43,515

NidoPetroleumPhilippinesPty.Ltd.

Exploration

2023

26

VisayasEnergy

InvestmentForum

RegionalCoalReserves

2023

27

VisayasEnergy

InvestmentForum

28

Off-ShoreWindPotentials

2023

VisayasEnergy

InvestmentForum

178GWofOSWPotential

(18GWFixedand160GWFloating)

?Six(6)potentialOSWdevelopmentzonesidentified:

oEnvironmentalandsocialrestrictionsandexclusions.

measurementcampaign).

oLevelizedcostofenergy(windspeediscritical–consider

oTransmissionandportinfrastructureanddemandcenters.

?NeededtocompleteproportionateMarineSpatialPlanningandpublish?nalmapbyend2023.

PotentialDevelopmentZone

Type

Practical

Capacity

A:NorthwestLuzon

Floating

2to5GW

B:Manilaarea

Fixedandfloating

0to3GW

C:NorthernMindoro

Floating

3to10GW

D:SouthernMindoro

Floating

20to36GW

E:GuimarasStrait

Fixed

0to1GW

F:Negros/Panayarea

Floating

2to3GW

CompetitiveRenewableEnergyZones(CREZ)Potential

?DOEinitiatedtheCompe