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Double-digit contraction in natural gas pulls down energy reserves

THE country’s petroleum reserves continued to decline in 2022, led by the double-digit contraction in natural gas reserves, according to the Philippine Statistics Authority (PSA). Based on the Energy Accounts of the Philippines, PSA said natural gas reserves posted the largest decline at 52.8 percent, followed by condensate reserves at… ....

Energy Accounts Of The Philippines , Philippine Statistics Authority , Energy Accounts , Net Present Value Approach , Environmental Economic Accounting ,