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SENATOR Pia Cayetano bats for the passage of a bill seeking the full development of the country’s natural gas industry.
In a sponsorship speech on Tuesday, Cayetano urged her colleagues to act swiftly on Senate Bill No. 2793, or the proposed Philippine Natural Gas Development Act.Cayetano also said the bill seeks to revitalize indigenous gas exploration and develop natural gas infrastructure. She stressed that the proposed law would also boost investor confidence in the Philippine economy as it would spur government commitment to industries that require heavy investments, like natural gas.
“Malampaya was supposed to be the first of many producing gas fields in the Philippines, but it turned out to be the only one. It has grown old, and may become depleted as early as 2027. This poses a dilemma. To support the DOE’s long-term energy plan, the country needs more Malampayas; we barely have one left,” Cayetano said.
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