Moving Towards Energy Independence
 
“According to Philippine Department of Energy, more than 20 local and international energy groups have expressed interest in exploring and developing oil, coal and geothermal prospects offered by the Philippines in its 3rd  energy bidding round……contracts will be awarded by the end of the year”     Rigzone.com, 31 May 2007
 
Against the backdrop of an improving economy, the Philippines’ goal of reaching 60 percent energy self-sufficiency in three years time is marked by the growing number of contracts given out for oil & gas explorations, intensified efforts in developing renewable energy and on-going power sector reforms. NorAsian Energy and Gas2Grid – two active upstream oil and gas companies operating in the Philippines are key industry panelists at  CMT’s Philippines Energy Summit. The timely event provides you with the latest information on the policies, implementation plans, and project opportunities in the Philippines Energy and Power sector.
 
Senior officials from the Philippine Department of Energy (DOE) and PNOC-EC will highlight the regulatory framework and action plans for the expansion of the energy sector. DOE targets to increase current oil and gas reserves from the 2004 level of 69.5 million tons of oil equivalent (MTOE) to 83.6 MTOE by 2014; and to increase renewable energy based capacity by 100% by 2013.
 
Other exciting sessions on Day One: presentation by Flying V on downstream petroleum and retail markets, as well as evaluation of the transport and logistics issues for the OGP sector by Southwest Maritime Group. Top regional banking and legal experts will also review the financing, contractual and legal implications.
 
“Masinloc Power Partners Co. submitted the highest bid of $930 million for the Philippines’ 600-megawatt Masinloc coal-fired power……With Masinloc’s impending sale, Power Sector Assets and Liabilities Management Corp. (Psalm) has already held successful bids for 9 of the 31 Napocor power plants identified for privatization.”     Dow Jones Newswires, 26 July 2007
 
Also on the panel is The World Bank which is instrumental in pushing power reforms in the Philippines. Has the reforms been successful in meeting its objectives of having private sector participation and meeting public interest of lower power tariffs and reliable supply?
 
Gain insight from Day Two presentations on the various renewable energy sectors – Wind, Hydro, Solar to Geothermal. Authoritative panelists from Northwind, Vestas and other leading companies will address project development challenges and technological issues. PhilBio will discuss the prospects of waste-to-energy. Discussion on coal will explore Clean Coal Technology and potential of Coal-to-Liquids (CTL). Also featured is the very topical subject of CDM and carbon trading, and its role in energy and power projects
 
Sign up for CMT’s Philippines Energy Summit to receive the latest industry updates, and deliberate business opportunities with leading practitioners in the country. Mark your calendar to attend this premier meeting! For enquiries, please contact vynn@cmtsp.com.sg or visit www.cmtevents.com for more information.


You will network with:
• CEOs • MDs • GMs • Exploration Directors • Project Directors
• Business Development Directors • Marketing Directors
• Downstream Business Directors • Supply & Trading Managers
• Commercial Directors • Refinery Managers
• Procurement & Contracting Managers • Head of Engineering
• Technical Directors • Corporate Planning Directors
• Government Offices  • Geologists • Energy Consultants • Financiers
• Legal Experts from Oil, Gas & Power companies/traders/investors,
Alternative Energy Companies and Investors, Carbon trading companies,
EPC companies, Pipeline companies, Technology companies,
Additive & Catalyst Companies, Shipping, storage and terminalling companies,
oil refineries, law firms and financial institution