The Department of Energy (DOE) and Japan Oil, Gas and Metals National Corporation (JOGMEC) signed an agreement yesterday, 12 May 2021, to update the 2002 Philippine National Oil Contingency Plan and recommendations on the creation and operation of a Strategic Petroleum Reserve (SPR) Program.
QUEZON CITY, May 13 (PIA) – The Department of Energy (DOE) and Japan Oil, Gas and Metals National Corporation (JOGMEC) signed an agreement on, May 12, 2021, to update the 2002 Philippine National Oil Contingency Plan and recommendations on the creation and operation of a Strategic Petroleum Reserve (SPR) Program.
“Today’s signing speaks volumes on Japan’s commitment to help the Philippines succeed in attaining its energy security goals. I take this opportunity to express our appreciation to the Japanese government and its private sector for helping us attain our long-term goals,” DOE Secretary Alfonso G. Cusi said.
The Department of Energy (DOE) has inked a deal with the Japan Oil, Gas and Metals National Corporation (JOGMEC) for a targeted updating of a feasibility study for the Philippines’ plan to venture into oil stockpiling.
The memorandum of agreement (MOA) sealed by the parties had been intended
DOE, Japan’s JOGMEC ink accord to update PHL nat’l oil contingency plan By TED CORDERO, GMA News
Published May 12, 2021 5:00pm The Department of Energy (DOE) and Japan Oil, Gas and Metals National Corporation (JOGMEC) on Tuesday signed a memorandum of agreement (MOA) for a study that would update the 2002 Philippine National Oil Contingency Plan, as well as provide recommendations on the creation and operation of a Strategic Petroleum (SPR) Program. In a statement, the DOE said the MOA was signed by Energy Secretary Alfonso Cusi and JOGMEC CEO Tetsuhiro Hosono. “Today’s signing speaks volumes on Japan’s commitment to help the Philippines succeed in attaining its energy security goals. I take this opportunity to express our appreciation to the Japanese government and its private sector for helping us attain our long-term goals,” Cusi said in his remarks during the signing ceremony.
Energy dep t signs agreement with Japanese firm to update oil contingency plan bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published May 11, 2021, 5:00 PM
Even with President Rodrigo Duterte singing a different tune that he can no longer take back territories claimed by China, the Department of Energy (DOE) stated that it is bent on awarding more petroleum service contracts at blocks straddled by disputed territories within the West Philippine Sea.
“The DOE has been busy seeking investors into petroleum blocks in the West Philippine Sea,” Energy Secretary Alfonso G. Cusi has specified in his statement to the media.
Energy Secretary Alfonso G. Cusi
He added that aside from the service contracts already awarded, the energy department is still
processing several new applications for prospective oil/gas exploration and development ventures in that diplomatically strained domain.