PBBM OKs natural gas industry development law

PTVPhilippines

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00:00President Ferdinand R. Marcos, Jr. signed into law Republic Act 12120 or the Philippine Natural

00:06Gas Industry Development Act, the Philippine News Agency reported. The law aims to grow

00:11the country's natural gas sector, increase its use in energy, and ensure energy security.

00:17It offers incentives to attract investment through competition,

00:21transparency, and fair trade. The law also aims to meet rising fuel demand and the position

00:27the Philippines as a liquefied natural gas hub in the Asia-Pacific region.

00:32Additionally, the government is focusing on boosting renewable energy use.

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