Energy Council VIP Reception: Investment Opportunities in the Philippines Energy Sector

MANILA – AUGUST 2024 – On 23 August 2024, The Energy Council, in partnership with the Department of Energy Philippines and Rystad Energy successfully concluded its inaugural VIP Reception in Manila, the Pearl of the Orient. Despite the public holiday, the event gathered over 115 prominent industry leaders, government officials, and energy experts from across the region.

Driving Investment and Strategic Partnerships in the Energy Sector

The Energy Council VIP Reception in Manila provided a strategic platform for attendees to connect, share insights, and explore investment opportunities within the energy sector. The event featured:

• Keynote Addresses: Distinguished speakers from the Ministry of Environment, Natural Resources and Energy (MENRE), the Department of Energy Philippines (DOE), the Renewable Energy Management Bureau, and Rystad Energy shared valuable insights on the current state of the Philippine upstream industry, the evolving landscape of LNG, gas, and renewable energies, and new opportunities in exploration financing and investment.
• Interactive Networking Sessions: Participants engaged in facilitated discussions on key industry trends and challenges, fostering collaboration.
• Exclusive Networking Reception: VIP guests had the opportunity to network in a relaxed setting, fostering partnerships that will drive the energy sector forward.

Key takeaways from the Event

• Energy security is the TOP priority: With demand for energy only increasing and existing resources in depletion, continued exploration is key to future security, hence the many new projects in development across the Philippines, particularly in the Mindanao region as outlined by MENRE.
• Investing in the Philippines has never been easier: The DOE is working on several initiatives to enhance the accessibility of Philippine assets for foreign investment, including petroleum data declassification and free access, and amending guidelines on awarding petroleum exploration contracts.
• Transition will come through Gas: Rystad’s research and insights indicate gas and LNG are crucial to successfully moving away from coal in Southeast Asia, and gas discoveries will be key to securing a more sustainable future.

Looking forward to APAC 2025

The Asia Pacific Energy Assembly is recognised as the region’s foremost gathering for senior executives in the upstream oil and gas industry and the finance and investment sectors that cover it. Over the course of 2 days, explorers, producers, buyers, traders, investors, financiers and technology providers will all gather to discuss the outlook for the Asian Pacific marketplace; prices, deal flow, strategy, capex, joint ventures, and business development.

The Energy Council is actively preparing for the 2025 edition, a flagship gathering to set the agenda for the future of energy across the Asia-Pacific region. Stay tuned for more exciting updates and developments.

For more information about APAC Energy Capital Assembly 2025, please reach out to our staff members:

Speaking Opportunities

Nuriya Powell, Portfolio Director – APAC
E: [email protected]

Delegate and Sponsorship Enquiries

Faye Austria, SVP – Business Development
T: +65 88938290
E: [email protected]