THE Department of Energy (DoE) is hoping to develop a roadmap with the Saudi Arabian Ministry of Energy for collaboration in the areas of petroleum derivatives and native hydrogen, among others.
The two sides will finalize the roadmap early next year, the DoE said in a statement on Wednesday.
“This cooperation, through a well-defined roadmap, underscores the Philippine commitment to energy security, economic growth, and sustainable development, as it benefits from Saudi Arabia’s extensive experience and technological expertise,” the DoE said.
Last month, the DoE announced the signing of a memorandum of understanding (MoU) with the ministry.
The MoU also covers sustainable aviation fuel, digital technology for electrical systems management, and energy efficiency.
President Ferdinand R. Marcos, Jr. participated in the first-ever Association of Southeast Asian Nations-Gulf Cooperation Council Summit in Saudi Arabia in October 2023.
“During that visit, Saudi state-owned companies expressed strong interest in investing in the Philippine energy sector,” Energy Secretary Raphael P.M. Lotilla said.
Mr. Lotilla said Saudi Energy Minister Abdulaziz bin Salman Al Saud expressed interest in the Philippines’ native or naturally occurring hydrogen resources.
“Given Saudi Arabia’s extensive expertise in the exploration and development of upstream sectors, this cooperation holds promising benefits for both countries,” he said.
Earlier this year, two prospect areas in the Zambales Ophiolite Complex, were offered for hydrogen exploration, with awards to winning bidders forthcoming.
“By partnering with Saudi Arabia, the Philippines seeks to adopt cutting-edge energy efficiency technologies and best practices that could lower energy consumption, reduce costs, and contribute to sustainability,” the DoE said. — Justine Irish D. Tabile