Philippines to
be regional hub for energy delivery: foreign secretary
Oct 5, 2005 - Xinhua English Newswire
Philippines to be regional hub for energy delivery: foreign secretary
MANILA, Oct. 5 (Xinhua) -- The Philippines is now making its move to
be the regional hub for the delivery of Russian fuel and energy products
to other Asia Pacific countries, the foreign affairs secretary said on
Wednesday.
In his statement, Philippine foreign secretary Alberto Romulo said
that he will meet with Russian foreign minister Sergey Lavrov together
with Philippine National Oil Corporation (PNOC) president Ed Manalac,
intending to conclude a bilateral agreement on energy cooperation.
Romulo said Russia is fortifying its global distribution networks for
its oil, natural gas and coal, and has adopted an outward- looking
approach for prospective markets.
"We hope to generate Russia's keen interest on this and other
possible areas of bilateral energy cooperation," Romulo said, stressing
that the Philippines is the nearest Southeast Asian country to Russia's
resource-rich part of Siberia in the far east.
Romulo added that the Philippines needs to diversify its fuel sources
and explore alternative long-term strategies to address heavy reliance
on the middle east as the prime source.
Romulo made the statement before he left for Paris, where he will
address the plenary session of UNESCO. He will visit Russia after that
occasion.
© Copyright 2005 NetContent, Inc. Duplication and
distribution restricted.
Visit http://www.powermarketers.com/index.shtml
for excellent coverage on your energy news front.
|