How to get USaid oil to Philippines
By Amy Macias and John BurchfieldPublished July 04, 2017 09:30:10It’s not just a matter of whether USaid will develop oil in the Philippines.
The Philippines has a lot of oil reserves, and it’s the largest exporter of US-supplied petroleum in the world.US oil companies have already been making trips to the Philippines to explore for oil and natural gas, and US energy secretary nominee Ryan Zinke is expected to use his visit to the country to announce new US oil and gas exploration opportunities.
However, US-funded research projects have not gone far enough.
There is still plenty of work to be done to determine the exact composition of oil and its location, to better understand its properties and potential to be a source of energy, said Paul Rachleff, director of the Carnegie-Tsinghua Center for International Studies in Beijing.
The Philippine government has already said it wants to be part of a US energy corridor that links the Philippines with the US Gulf Coast, a move that could provide a way for the Philippines’ natural gas to be piped into the United States.
But, Rachlff said, that corridor is far from being complete, with pipelines already running through the country.
The US and its allies have been trying to build infrastructure to support such projects, including a proposed pipeline to deliver gas from the Philippines into the Gulf of Mexico.
But Rachlen said the Philippines will need the US and other allies to invest heavily to ensure that the project gets off the ground.
He said the country’s current infrastructure is insufficient, and the country does not have enough expertise and resources to develop and operate the pipeline.
In a bid to develop oil and other natural resources in the country, the Philippines is building the largest hydropower station in the entire world, called the Aquino Dam, which could generate as much as 10,000 megawatts of electricity.
The Aquino dam is expected generate as many as 7,000 MW of electricity annually.
It also includes a 1,000-meter-deep natural gas well.
The new Aquino gas project is also part of the Philippines National Energy Authority (PNEA) plan to develop hydroelectricity and power plants across the country that could eventually be connected to the Philippine energy grid.
The project also includes the Aquinos Dam, a $9 billion hydroelectric dam that will generate enough electricity to supply 1.8 million Filipinos.
The government has been promoting the project as a major economic boon for the country for years, but critics say the project is far behind schedule and is unlikely to generate as promised.
The PNAE has also failed to meet the $4.5 billion budget target set by the government.
In December, the government approved the Aquinas Dam project, but not before it was delayed by more than two years due to concerns about the construction of the dam.
The pipeline that would connect the Aquinsas Dam with the Philippine electricity grid will also be delayed by a year, the PNAe has said.
It’s still unclear how the Aquinisas Dam will be able to be connected with the power grid.
According to the Aquinias Dam’s developers, the Aquinas Dam could be connected through a natural gas pipeline to supply power to the entire country.
The PNAEs plans have also been met with skepticism by the Filipino government.
The president has yet to announce whether the Aquinian Dam project will be completed.