Philippines interested in supply from US' Alaska LNG

Spanish Market: Natural gas
24/02/25

The Philippines is the latest Asian country to express interest in the planned 20mn t/yr Alaska LNG project following a meeting with Alaska governor Mike Dunleavy.

"We plan to procure LNG from Alaska to meet our growing needs to develop our energy sector", Philippine ambassador to the US Jose Manuel Romuladez said on Friday.

The Philippines joins Japan and Taiwan in expressing interest in the Alaska LNG project, probably to appease US president Donald Trump's ongoing concern regarding the US' trade deficit with trade partners.

LNG imports totalled around 1.2mn t in 2024, which is double the 600,000t imported in 2023, according to data from ship tracking firm Kpler. But demand is likely to increase because of the Philippines' planned pivot to gas for power generation despite facing declining domestic gas production.

The country is already projected to import around 340,000t of LNG by the end of February, Kpler data show. If the Philippines continues to import LNG at these rates, it would imply an annual import figure of around 2mn t, a 67pc increase from 2024 figures.

US LNG only accounted for around 5pc of Philippines' imports in 2024, whereas Australia, the largest supplier, accounted for around 37pc, according to data from Kpler.

A cargo from Alaska LNG would only require 13 days of transit to the Philippines, compared with around 35 days from the US Gulf via the Cape of Good Hope, assuming an average speed of 17 knots.

By Bonnie Lao

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12/12/25

Japan’s energy demand falls on economic slowdown

Osaka, 12 December (Argus) — Japan's energy consumption in the April 2024-March 2025 fiscal year fell again from a year earlier, pressured by slower industry activity. The country's 2024-25 final energy use totalled 292mn kiloliters, or 1.84bn bl of oil equivalent (boe), down by 1.7pc from a year earlier, according to preliminary data released on 12 December by the trade and industry ministry Meti. This marks the third consecutive annual decline. Coal use in final energy consumption fell by 3.7pc from a year earlier to 172mn boe in 2024-25, while oil demand declined by 3.7pc to 841mn boe. This came as energy consumption in the manufacturing and transportation sectors declined by 3.2pc to 766mn boe, and by 1.5pc to 445mn boe respectively. But demand for natural gas and city gas rose by 1.5pc from a year earlier to 167mn boe. Power demand also edged up by 1pc to 517mn boe. Coal-fired power generation edged up by 0.9pc to 283.4TWh during the period, while oil- and gas-fired power dropped by 2.7pc to 71TWh and by 2.4pc to 315.7TWh. Zero-emission power supplies, including renewables and nuclear power, rose by 3.9pc to 322.1TWh. Japan's energy-derived CO2 emissions fell by 1.4pc from a year earlier to 908mn t in 2024-25, supported by the increased use of renewable and nuclear power supplies. The 2024-25 emissions represented a 26pc fall compared with the country's 2013-14 baseline, or the lowest level since 1990-91. The lower energy consumption, as well as increased use of domestic renewable and nuclear energy, helped lift Japan's energy self-sufficiency rate to 16.4pc in 2024-25, up by 1.1 percentage points from a year earlier, based on International Energy Agency methodology. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

TotalEnergies ends Papua LNG rebid phase: Correction

12/12/25

TotalEnergies ends Papua LNG rebid phase: Correction

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Australia’s Beetaloo reaches FID on shale gas pilot

12/12/25

Australia’s Beetaloo reaches FID on shale gas pilot

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Aramco says Jafurah gas project still in commissioning

11/12/25

Aramco says Jafurah gas project still in commissioning

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German cabinet passes EU RED III

10/12/25

German cabinet passes EU RED III

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Philippines interested in supply from US' Alaska LNG

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