Wednesday, June 6, 2018

DOE Eyes to Establish Strategic Oil Reserve

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In its effort to shield consumers from volatile international oil prices and ensure supply security, the Department of Energy (DOE) is pushing its efforts to engage the country's downstream oil industry within this month.

Earlier, DOE has announced that it has directed its attached agency, PNOC-EC (Philippine National Oil Company-Exploration Corporation), to engage in the selling of petroleum products sourced from non-OPEC members to independent petroleum dealers and to vulnerable sectors, such as public utility transport groups.

Cusi, who is the ex-officio Chairman of the PNOC-EC, said the move was meant to enhance competition among existing oil industry players and stabilize domestic oil prices.

“We are looking at other countries. Russia is just an option. PNOC-EC expects to receive the first shipment by end of June,” Cusi said.  

According to Cusi, PNOC-EC is looking at the different areas for the reserve’s storage and among the areas being considered are Subic, Phividec Complex and Quezon.

At present, oil companies are required to maintain a Minimum lnventory Requirement (MlR) of in-country stocks equivalent to 30 days of crude and products for refiners, 15 days of products for importers/bulk suppliers and seven days of liquefied petroleum gas (LPG) stocks for LPG players.

Meanwhile, aside from ensuring the country’s supply, the DOE will also come out with a policy on unbundling petroleum product prices.

“We need to unbundle the prices. It has to happen,” the Energy Chief stressed, adding that this will provide the consumers more information about the petroleum products that they buy.

The DOE is currently conducting consultations with the stakeholders on the mechanism for unbundling.

International geopolitical developments, which include US sanctions on Iran, the drop in OPEC production levels and the political changes unfolding in Venezuela have resulted in the recent uptrend in oil prices for the past weeks.

With the volatility of oil prices, the DOE is encouraging consumers to be smart and judicious in the use of petroleum products, such as driving efficiently and managing trips properly to save on fuel costs, among others.

Cusi: Pagbilao Plant to Boost Energy Security, PH Dev't

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Energy Secretary Alfonso Cusi on Friday (1 June) lauded the Pagbilao Energy Corporation (PEC) for beefing up its two power plants in Pagbilao, Quezon with a third facility that can produce additional 420 megawatts (MW) of electricity.

"With the growing economy spurring more and more commercial activities, the demand for power is also growing, so we would need power plants like the Pagbilao Unit 3 to sustain national development," Cusi said.

"The plant will also go a long way in supplying the energy needs of the country beyond the Duterte administration, thereby supporting future businesses," said Cusi.

The DOE Secretary acknowledged that the Pagbilao Unit 3 power plant is coal-fired, but he said it complies with environmental standards through the use of flue-gas desulfurizer (FGD) technology. FGD removes sulfur dioxide from exhaust flue gases of fossil-fuel power plants.

The PEC built the Pagbilao Unit 3 power plant at a cost of P976 million.

The plant is beside the Unit 1 and Unit 2 facility of the Pagbilao Power Station. Units 1, 2 and 3, which are all of the same technology, could generate a total of 735 MW.

Cusi Bags GSP Award

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The Department of Energy (DOE) headed by Secretary Alfonso G. Cusi was given an Institutional Citation Award by the Girl Scouts of the Philippines (GSP) during its 24th National Council Convention and Triennial Awards on May 26, 2018 at the Summit Ridge Hotel in Tagaytay City.

In January 2018, the DOE held a ceremonial signing with the GSP to train around 2.2 million Girl Scouts nationwide on E-Power Mo’s E-Safety on efficiency and conservation.

The DOE-GSP partnership conducts lectures on basic electricity concepts and energy consumption of various appliances as well as hands-on experiments.

It also aims to encourage Girl Scouts to pursue energy-related careers by stimulating their interests and passion despite the challenges in gender stereotyping.

Receiving the award for Cusi is DOE-CWPO Supervising Science Research Specialist Engr. Milo G. Lilang (2nd from left) together with (L-R) GSP National Executive Director Dolores T. Santiago, GSP National President Susan R. Locsin and GSP 24th National Council Convention Awards Committee Chairperson Dr. Paz H. Diaz.


EMPOWERED WOMEN: The DOE Gender and Development Focal Point System (GAD-FPS) headed by Dir. Mylene C. Capongcol figured prominently in the recognition given to the Department of Energy as Institutional Citation Awardee during the Girl Scouts of the Philippines (GSP) 24th National Council Convention and Triennial Awards in Tagaytay City last Saturday.

The award cited DOE's unwavering support to GSP through its ENEReady and EnerKids programs.

Aligned with the DOE's #EPowerMo campaign, the #ENEReady and #EnerKids programs aim to promote gender balance and development in the energy sector and educate the younger generation on energy efficiency and conservation measures.

DOE GAD-FPS officers in photo are (L-R) Oil Industry Management Bureau Asst. Dir. Rodela I. Romero, CWPO Chief Helen B. Arias, Energy Policy and Planning Bureau Asst. Dir. Carmencita A. Bariso, and Energy Research and Testing Laboratory Services Dir. Amelia M. De Guzman.
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