DOE mandates reporting of available fuel storage capacity, usage

The Department of Energy (DOE) announced Wednesday it has issued an advisory mandating the submission and utilization of available storage capacity at oil and gas depots and terminals.

In a statement, the DOE said the issuance of the advisory was in line with Executive Order 110, series of 2026, which declared a state of national energy emergency. 

"This measure is part of the government's proactive efforts to ensure stability, adequacy, and efficient distribution of the country's fuel supply amid ongoing global energy market disruptions," it said.

"Under the advisory, all downstream oil industry participants that own, lease and/or operate terminals or depots are required to regularly report their total and available storage capacities, enabling the DOE to closely monitor supply levels and respond swiftly to potential shortages," it added.

The Energy Department said non-compliance may result in appropriate regulatory action, including the cancellation or suspension of permits. 

"Through this initiative, the DOE underscores its commitment to safeguarding national energy interests and ensuring uninterrupted fuel supply for the Filipino people," it said.

The agency said the advisory, moreover, authorizes the coordinated use of available storage facilities by the Philippine National Oil Company (PNOC) and/or the PNOC Exploration Corporation (PNOC-EC) to support national petroleum requirements. 

"Industry participants are likewise directed to comply with such utilization, subject to technical feasibility, reinforcing a whole-of-industry approach to energy security," it said. — VDV, GMA News