Energy Sources in the Philippines

by Bronwyn White

The Philippines has large reserves of many natural resources; chief among these are oil, natural gas and coal. Other sources of energy that can be harnessed include geothermal energy and hydroelectricity. The country's slow rate of exploitation of these natural resources ensures that they will be available for generations to come.

Oil

Oil barrels

The Philippines' proven oil deposits currently stand at 138 million barrels. The country's rate of extraction is 25,000 barrels a day, which is far below the consumption. Recent discovery of deep-water oil resources has encouraged greater production of oil, but it is still not enough to meet the country's petroleum needs without imports.

Natural Gas

Natural gas flame

Natural gas deposits in the Philippines are located offshore, above the country's deep-sea oil reserves. The Philippines possesses 3.9 trillion cubic feet of natural gas reserves. Although extraction only began in 2000, production has been able to meet demand every year without imports. Even larger natural gas deposits may be held in another offshore location.

Coal

Coal mining

The Philippines holds 260 million short tons of usable coal reserves. While it has recently increased extraction, consumption still far outpaces production, forcing the country to rely on imports to meet demand.

Geothermal Energy

Boracay, Philippines

Because of its position as an island chain in the Pacific Ocean, the Philippines is located in a relatively active seismic area. Geothermal energy allows the country to use this to its advantage. Currently, the Philippines is the second highest producer of geothermal energy. The government has set a goal to surpass the United States as the highest producer in the world.

Hydroelectricity

Hydroelectricity centers in the Philippines generate 2,900 megawatts of electricity, which is 19 percent of the country's total electricity consumption. The rate of production has remained constant for decades, but there are plans to introduce more hydroelectric centers.

About the Author

Bronwyn White resides in New York and has been writing since 2006. She holds a Bachelor of Music in vocal performance from the University of Texas at San Antonio and is currently pursuing a Master of Music in vocal performance and opera studies from the State University of New York-Purchase.

Photo Credits

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