MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. has signed into law an act promoting the development of the natural gas industry in the country. Marcos signed Republic Act 12120 on January 9, but was publicized on the Official Gazette on Tuesday. The newly-signed law aims to promote natural gas as an “indispensable contributor” to energy security by establishing the Philippine Downstream Natural Gas Industry (PDNGI).  The law …

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Marcos signs into law bill promoting development of natural gas

President Ferdinand ''Bongbong'' Marcos Jr. has signed into law the measure promoting the development of the Philippine Natural Gas Industry.

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Marcos signs into law bill promoting development of PH natural gas industry

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A measure batting for the development of the country’s natural gas resources has been signed into law.

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Marcos signs law to develop natural gas industry

MANILA, Philippines — President Ferdinand Marcos Jr. signed into law a measure establishing a framework for the development of the country's natural gas industry to promote natural gas as a safe, efficient, and cost-effective source of energy. Marcos signed Republic Act (RA) 12120 or the Philippine Natural Gas Industry Development Act on Jan. 8, 2025, a copy of which was uploaded to the Official Gazette on Tuesday. The new law seeks to establish…

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Marcos signs law to boost PH natural gas industry

WILMINGTON, DE, UNITED STATES, January 14, 2025 /EINPresswire.com/ -- According to a new report published by Allied Market Research, The compressed natural gas market size was valued at $9.9 billion in 2020, and is estimated to reach $22.3 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030. Compressed natural gas (CNG) is a type of natural gas that is compressed to a high pressure, typically between 2,900 and 3,600 psi (pounds per squa…

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Despite opposition from environmental groups, President Ferdinand Marcos signed Republic Act (RA) No. 12120 or the Philippine Natural Gas Industry Development Act, which aims to develop the country into a Liquefied Natural Gas (LNG) trading and transshipment hub in the Asia Pacific region.  The chief executive approved RA 12120 on 8…

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Marcos signs law promoting natural gas development

Compressed Natural Gas (CNG) Market: A Path Toward Cleaner Transportation  EIN News READ SOURCE

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Compressed Natural Gas (CNG) Market: A Path Toward Cleaner Transportation - EIN News - WiredFocus

By John Victor D. Ordoñez, Reporter PRESIDENT Ferdinand R. Marcos, Jr. has signed into law a bill that aims to develop the country’s natural gas industry as the Philippines seeks to diversify its power mix and fast-track its transition to renewable energy (RE).    Republic Act (RA) No. 12120 or the Philippine Natural Gas Industry Development Act seeks to promote natural gas as a “cost-effective source of energy and an indispensable contributor t…

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Marcos inks law to develop natural gas industry - BusinessWorld Online

President Bongbong Marcos has signed a law aimed at advancing the Philippines’ natural gas industry. Republic Act (RA) 12120, known as the Philippine Natural Gas Industry Development Act, was signed by the President on January 8. However, a copy of which was subsequently made available on the Official Gazette on January 14, according to the …

Marcos signs into law bill promoting development of natural gas

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