Natural-gas output down to 122,541 MMcf in 2015

by Lenie Lectura – March 14, 2016

from Business Mirror

THE Philippines’s natural-gas output in 2015 amounted to 122,541 million standard cubic feet (MMcf), down from 130,351 MMcf a year earlier, data from the Department of Energy (DOE) showed.

DOE data posted on Monday on its web site said the country’s total gas consumption stood at 117,926 MMcf, of which, 115,788 MMcf was consumed for power generation. The number was lower than the previous year’s 122,305 MMcf.

Consumption by industry totaled 2,138 MMcf, also lower than the 3,302 MMcf recorded in 2014.

Meanwhile, the transport industry recorded zero consumption in 2015, compared to four MMcf in 2014.

Based on the same data, natural-gas output peaked in 2011 at 140,368 MMcf. Total consumption stood at 137,066 MMcf. The power generation’s share in the output for that year stood 133,732 MMcf; industrial at 3,288 MMcf; and transport at 47 MMcf.

From 1994 to 2015, the same data showed that output throughout those years reached 1,663,034 billion cubic feet (Bcf), while consumption stood at 1,602,343 (Bcf).

During those 21 years, natural-gas consumption for power generation totaled 1,573,266 Bcf; 28,892 MMcf for industrial sector; and 185 MMcf for the transport sector.

DOE officials said the country’s natural gas is being consumed domestically. It relies on the Malampaya deep-water gas field to fuel 30 percent of the country’s power requirements. Lenie Lectura

However, natural gas from the Malampaya gas field is expected to last by 2029 to 2030, more than five years than its earlier projected depletion date of 2024.

The Malampaya gas field has proven reserves of 2.7 trillion cubic feet (TCF) to 3.2 TCF, of which more than 1 TCF has already been consumed.