'Natural gas law to draw in more investors in exploration'

The swift passage of Senate Bill 2793, the proposed Philippine Natural Gas Development Act, would send the strongest signal to investors that there is natural gas waiting to be explored in the Philippines.

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Sen. Pia Cayetano, chairperson of the Senate energy committee, stressed that enacting the proposed law would be like a giant billboard telling the world that the Philippines is open for investments in natural gas.

“It seeks to declare that the Philippines is open and will have very clear-cut policies on natural gas, indigenous natural gas development, so that, in itself, is going to send the right signal,” she said.

She added the law would address investors’ queries whether the Philippines was ready to develop its indigenous gas resources and open to investments, adding that the message will be loud for all investors, whether Filipino or foreign.