Canada Offers to Supply Gas to Philippines

Canada is ready to supply gas to Philippines for power generation, according to Quezon City based news portal InterAksyon.com.

Canadian Ambassador Neil Reeder said his government is in discussion with local power companies for supply of LNG from projects under development in the North American nation.

"I've highlighted this with a couple of major power producers here because we are conscious that the Malampaya field has started to decline. You're going to be a net gas importer within the three or five year cycle, I guess, pending any new discovery. That's a perfect match with Canadian LNG. We anticipate our Canadian export to be ready within three to five years," InterAksyon.com quoted the ambassador as saying.

The Malampaya field in offshore Palawan fuels three power plants in Batangas run by First Gen Corporation and Korea Electric Power Corporation. However, production from the field is only expected to last only till 2024.

Canada has abundant reserves of natural gas mainly in the region of British Columbia.

 "We would like to offer that to the Philippines as a reliable source of gas," Reeder said.