AGP Executive Report
Last update: 11 hours agoEnergy Security: LNGPH is weighing a roughly P6-billion investment in a third onshore storage tank, which could lift its LNG stocks to more than a month’s supply. The Philippines is also exploring US support for a strategic petroleum reserve, while Japan’s Chiyoda has been tapped to help develop oil storage facilities. Power Costs: The Energy Regulatory Commission suspended spot-market trading of reserve power after high charges, which added P1.29 per kilowatt-hour to Visayas electricity rates in 2025. Hydropower developers are meanwhile urging faster project development, even as El Niño threatens to cut generation. Agriculture: A potentially severe El Niño could put 44,772 hectares of Cordillera rice and corn farmland at risk. Coffee output may also fall below 30,000 metric tons, raising the prospect of higher prices. Manufacturing: Mitsubishi Motors says its planned P7-billion hybrid vehicle investment in Laguna could grow, depending on government incentives and rules.
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