Connect with us

Hi, what are you looking for?

Economy

Domestically produced energy output up 3% in 2019, led by coal

DOMESTICALLY PRODUCED energy output on an oil-equivalent basis rose 3% in 2019, led by coal, according to a report issued by the Department of Energy (DoE).

“Aggregate indigenous energy production reached 30.9 MTOE (megatons of oil equivalent) in 2019, 3.0% than its year-ago level of 30 MTOE in 2018,” the Energy Department said in an Energy Situationer.

The DoE classifies as indigenous energy fossil fuels and renewable energy, including those from biofuels which were extracted in the country.

“Coal contributed to the bulk of the increase with its 17% hike in domestic production, while notable increments were registered in production levels of geothermal (2.4%) and biofuels (2.7%),” it said.

However, the report found that coal accounted for 23.5% in terms of contribution to total indigenous production, behind geothermal (29.8%) and biomass (25.1%).

According to the situationer, the bulk of the domestically-produced coal, equivalent to 7.3 MTOE, was accounted for by Semirara Mining and Power Corp. Output from other coal mines fell 33.4% in 2019.

Domestic production of oil, crude oil and condensate fell 12% in 2019, while natural gas production from the Malampaya field fell 0.7%.

“Crude oil production plunged by 38.6% to 104.3 KTOE (kilotons of oil equivalent) in 2019 since oil wells located in Nido, Matinloc and North Matinloc have ceased operation,” according to the report.

It added that condensate from the Malampaya project fell 1.4% in 2019. Meanwhile, natural gas from the Malampaya offshore plant rose 0.7 % to 3.6 MTOE in 2019.

“The almost same level of natural gas production is attributable to the maintenance implemented during the year, which affected the operation of all natural gas power plants including the PSPC (Pilipinas Shell Petroleum Corp.) refinery,” it said. — Angelica Y. Yang

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

A Saudi flag flutters atop Saudi Arabia’s consulate in Istanbul, Turkey Oct. 20, 2018. — REUTERS/HUSEYIN ALDEMIR/FILE PHOTO RIYADH — Saudi Arabia’s crown prince...

Economy

IN FEB. 2019, Facebook, Inc. set up a test account in India to determine how its own algorithms affect what people see in one...

Economy

CHINA’S economy risks slowing faster than investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from...

Economy

Faced with a high level of competition in an era of streaming services, content providers must stay ahead by developing a strong user experience...

Economy

The Philippines remains under a “gray” list of countries under increased monitoring for money laundering and terrorism financing risks, despite some progress in implementing...

Investing

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered shoppers...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

Pfizer Inc on Wednesday raised its 2021 sales forecast for its COVID-19 vaccine by 29% to $33.5 billion, and said it believes people will...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!