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TARGETING to institutionalize the local natural-gas
industry, the Department of Energy (DOE) has entered
into an agreement with the Polytechnic University of the
Philippines (PUP) for the development of a mechanism for
organizing the Philippine Natural Gas Institute.
Energy
Secretary Angelo T. Reyes and PUP president Dr. Dante
Guevarra signed the memorandum of understanding (MOU)
that formalized the partnership between the DOE and PUP
to engage in activities that will develop the downstream
natural-gas industry.
“The
partnership will enable PUP to bring into concrete
action its role as a major energy stakeholder. Through
our cooperation we may be able to attain our goal of
establishing the Natural Gas Institute,” said Reyes.
Guevarra
said the
Philippines
has good deposits of natural gas but these have yet to
be harnessed.
Guevarra
added that the institute will serve to conduct research
and policy studies in order to create a policy structure
for the proper administration and regulation of the
industry.
The MOU
signing signaled the opening of the three-day energy
fair at the university.
Guevarra
further highlighted that the energy fair was the first
in the series of activities to be undertaken by PUP in
its efforts to help the government in promoting national
concern for the country’s gas industry.
The
national program for the development of the natural-gas
industry is a strategic component of the Philippine
Energy Plan of the DOE.
Reyes
said it is a “long-term process that requires government
agencies, industries and other sectors to build and
strengthen competencies and capacities to respond to the
technological, structural and industrial challenges in
the industry.” |