The Senate on Monday passed on third reading a measure that supports the comprehensive development of the Philippine natural gas industry, a step crucial
for achieving the country’s energy security and sustainable economic growth.
Cayetano said SB 2793 also “protects consumer welfare because encouraging more investments in natural gas will enhance energy security, providing for more accessibility to natural gas.” The senator emphasized that the passage of the measure would ensure the country’s supply, rather than making it dependent on imported natural gas.
He said this was validated when the conflict between Russia and Ukraine began in 2022, which led to the oil industry being held hostage by factors beyond everyone’s control.
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