Thursday, 8 August 2013

Philippines Oil and Gas Report Q4 2013: Business Monitor International Market Research Reports

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Philippines Oil and Gas Report Q4 2013
Aug 7th 2013, 00:00

Price: $ 1295  

BMI View: The Philippines' oil and gas outlook is a relatively positive one, marked by an expected shortterm increase in both liquids and gas production. Longer-term growth will be dependent on results from ongoing and short-term exploration. Consumption is also expected to rise on the back of economic growth, and the government's promotion of gas use. However, we note that infrastructure and supply constraints could limit the country's gas demand growth in the longer term. The need to build up its gas infrastructure considerably provides a market opportunity for the midstream. The main trends and developments we highlight for the Philippines' oil and gas sector are: ? Total liquids production is set to rise, with new volumes brought online by the Phase II development of the Galoc field, red ...

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