Leading sources of energy in the Philippines include geothermal, hydroelectric and other renewable energy sources. The country also produces a small amount of coal, natural gas and oil. However, even with low consumption rates compared to other Southeast Asian countries, the Philippines is a net energy importer. In 2011, 40 percent of energy consumption was oil, while coal and solid biomass and waste accounted for 20 percent each.Continue Reading
As of 2012, the Philippines produced about 25,000 barrels of oil daily; however, it used 302,000 barrels daily. Petron Corporation is the largest oil refiner in the country, while Shell Philippines and Otto Energy also play a large role in oil production.
About 102 billion cubic feet of natural gas was produced in the Philippines in 2011, all of which was consumed within the country. As a whole, the Philippines consumed 19 million short tons of coal in 2012, half of which was imported. The other half of the coal was produced domestically.
The country is able to produce up to 3.6 gigawatts of hydroelectric energy, as well as 1.8 gigawatts of geothermal energy. By 2030, the country is planning on adding an additional 11.4 gigawatts of capacity to its renewable energy sources.Learn more about Southeast Asia