01:08.2
By the end of this year, ang expectation is
01:10.6
isang gas-fired plant na lang pwede i-supply ng Malampaya
01:16.3
and after one year, baka wala na.
01:19.0
By 2027, baka wala na.
01:22.0
So, we are pressed to develop a replacement.
01:26.7
Ang replacement dyan ever since has always been RIG Bank.
01:32.5
Talagang pinapunturya natin na yun ang papalit ng Malampaya.
01:39.5
Magpapalit sa Malampaya.
01:40.9
So, kaya lang, during the time of President Duterte,
01:45.0
ayaw niya, hindi niya pinayagan yung Forum Energy to go to RIG Bank
01:50.6
kasi sabi niya magkakagera daw
01:52.8
and magkaroon ng masaker, mamasaker yung police,
01:57.2
yung PNP, sinasabi niya police.
02:01.1
Police at saka...
02:02.5
So, walang nangyari.
02:06.0
It takes four years to develop Malampaya.
02:09.2
Hindi lang biglaan yan.
02:11.2
Kasi matagal yan.
02:12.8
Pag magligay ka ng platform,
02:14.8
tsaka lalagay ka pa ng pipeline from RIG Bank to Malampaya,
02:19.9
that's about a hundred kilometers.
02:22.5
So, talagang ano, it will take at least four years
02:25.8
to develop RIG Bank.
02:28.6
So, magkakaroon talaga ng gap.
02:33.3
By 2027, maubos na yung Malampaya.
02:38.1
So, we are really going to import LNG.
02:41.3
At napakamahal yung LNG.
02:43.8
Kasi, yung Europe, hindi na bumibili ng natural gas sa Russia
02:49.0
because of the war, Ukraine war.
02:51.0
They're buying from the rest of the world.
02:53.1
So, may ano, tumaas yung presyo ng LNG.
02:56.3
So, it's bad timing for us.
03:00.6
Kasi, late na tayo.
03:01.9
So, dapat during the time of Duterte,
03:04.7
inumpisa na natin yung RIG Bank.
03:09.2
Ngayon, we're already late.
03:11.7
But we have to do it.
03:12.9
Otherwise, talagang tataas yung power rates natin,
03:18.9
tataas yung inflation,
03:20.8
tataas ang unemployment,
03:24.5
ahalis yung mga foreign companies na nagma-manufacture dito
03:29.2
kasi mahal na yung power.
03:31.9
They cannot compete with their rivals in Vietnam or China.
03:36.9
So, ang laki ng implication.
03:39.9
Talagang, it will devastate our economy.
03:42.9
So, dapat tutukan natin ito kasi talagang maghihirap tayo
03:48.9
kung we cannot get the gas in RIG Bank.
03:52.9
Sabi nyo, it takes 4 years to develop something like Malampaya po.
03:56.9
Kung 2027 yung nakikita natin parang deadline.
03:59.9
Sabi nyo, it takes 4 years to develop something like Malampaya po.
04:00.9
Sabi nyo, it takes 4 years to develop something like Malampaya po.
04:01.9
E, ano na po ngayon? Di ba? 2025 na?
04:04.9
Sabi nyo, it takes 4 years to develop something like Malampaya po.
04:05.9
E, ano na po ngayon? Di ba? 2025 na?
04:06.9
Assumé magsimulan tayo ngayon.
04:09.9
Oh sorry, 2024. Okay, nagmamadali po ako sa election. Sorry!
04:11.9
2024 na ngayon. Okay, nagmamadali po ako sa election. Sorry!
04:12.9
Ibig sabihin, magkakaroon talaga tayo ng period kung saan talagang kakailangan po natin bumili,
04:17.9
Ibig sabihin, magkakaroon talaga tayo ng period kung saan talagang kakailangan po natin bumili,
04:20.9
and in that case, tataas talaga yung presyo ng...
04:22.9
mas tataas pa yung presyo ng kuryente.
04:24.9
ng kuryente. Yan po yung nakikita
04:26.8
ng prospect. Tama po ba?
04:28.7
Oh, that's correct. At saka
04:33.6
mapakita na dine-develop natin
04:36.8
yung reed bank, talagang
04:39.2
kawawa siya in that election.
04:41.4
He cannot anoint his
04:42.8
successor. Talagang
04:44.5
kasabihin ng tao, anong ginawa mo? Bakit
04:48.2
they were able to develop
04:53.2
na-develop rin nila yung Natuna
04:55.0
kahit na pinagbawalan ng
04:57.2
China. Sabi ng China, there will be war.
04:59.5
Pero tinuloy nila at saka
05:00.7
they were able to drill and
05:02.7
to survey and drill. Successful sila eh.
05:09.2
kasi we are in a better position.
05:11.5
May arbitral award tayo at saka
05:13.2
may mutual defense treaty
05:17.0
ang US very willing to
05:18.8
have joint patrols with us.
05:22.8
yun yung nakikita nyo sa solution dito
05:25.0
kasi yung huling administration, takot eh.
05:27.5
Masyadong sumisip sa China.
05:29.5
So we can proceed to developing
05:35.0
resources. Pero ang magbabantay
05:37.3
kung baga yung ating, kung baga
05:38.8
ang deterrent sa China, ating MDP
05:41.1
at yung joint patrol. Ito po yung
05:42.9
parang practical response it is?
05:45.5
Yes. Kasi yan yung
05:48.6
formula, that's why it's successful
05:51.0
yung Malaysia at Indonesia.
05:52.8
And getting their gas, no?
05:54.6
So pinadala nila yung
05:56.2
survey and drill ship nila, accompanied
05:58.5
by their Navy. Tapos
06:00.2
dumaan yung mga US aircraft
06:02.8
carrier, Australian warships,
06:05.2
nag patrol-patrol, nag
06:06.6
naval drills, walang magawa yung
06:08.4
Chinese Coast Guard.
06:10.4
So that's all throughout the construction po?
06:15.2
During the time na nag
06:16.5
survey and drill eh.
06:19.0
Hindi naman matagal yan eh.
06:20.5
Okay. Okay. Okay. Okay. Okay.
06:22.8
And there are options left for us
06:24.4
Pero yung legal frameworks pala nung
06:26.1
nung joint exploration because under
06:28.2
the previous administration diba,
06:30.7
they tried hard to
06:33.1
explore all avenues within
06:34.8
the bounds of the constitution.
06:36.2
And yung mismo foreign secretary natin
06:38.5
on the gain they do naksing.
06:39.5
Naging sabi, I'm not mistaken ang
06:41.7
metaphor na ginamit niya para tayong
06:43.2
tumalun sa bangin.
06:44.9
Ag Issuna rin natin yung model, diba
06:47.1
na gusto ng China.
06:48.8
Can you talk about that po,
06:50.2
what particular legal framework
06:51.8
should be applicable in China?
06:52.8
Yeah, yung 2018, pumirma tayo ng MOU, Memorandum of Understanding with China, na we will jointly develop the gas and rig bank at saka elsewhere in our EEZ, pero under the service contract system ng Pilipinas.
07:15.6
Sa service contract natin, nakalagay doon, whereas the oil and gas belong to the Philippines, whereas this contract will be governed by Philippine law.
07:27.4
So, kaya pumayag tayo. Yan ang sinusunod natin yung sa ligang batas at saka yung arbitral award. Pumayag ang China. So, nagpirmahan. So, that was a very watershed moment. Sabi ko, this is the solution.
07:45.6
Kasi sabi ng mga Vietnamese at saka Malaysian, papayag rin kami kung ganyan. Kasi that's a situation where China has agreed na we own the oil and gas pero they will be our contractor and they will get 40% of the profit, we get 60. That is 60-40 arrangement sa constitution.
08:09.1
So, pag sumama yung Vietnam-Malaysia, China will get 40%.
08:15.6
We will get 40% of all the oil and gas in the South China Sea within our EEZ. So, it looked like it was a good solution to the South China Sea dispute. So, happy rin yung mga Vietnamese and Malaysians na nagkaroon ng agreement na ganyan.
08:37.0
Kaya lang, at the last minute, sabi ng China, teka-teka, tagali natin yung provision na the oil and gas belong to the Philippines.
08:45.6
Tanggalin natin yung provision na Philippine law will govern the contract. Eh, wala na. I mean, labag sa ligang batas yan at saka that will reverse the arbitral award.
08:57.4
Sabi nga ni Secretary Teddy Boyloxin, nasa bangil na siya. Pag isa pang one more step, mauhulog na siya in the abyss of unconstitutionalism. So, tinerminate niya.
09:15.6
That was really the solution eh. Kasi there is no country, Vietnam, Malaysia, Philippines, Brunei, that will give up their EEZ. They will never give up their EEZ. So, ang solution is hatiin na lang yung profit, 60-40. Eh, yung sa China naman, they are not getting it for free. They will work, they will provide the service and the capital to get the gas.
09:43.5
They will only displace.
09:45.6
The foreign companies, Shell, Exxon, mawawala yun. Lahat ng western companies na partner ng Vietnam, Philippines, Malaysia, mawawala. Ang sinok ang papalit, yung China National Ocean Company. Pero that is the price of peace and stability. Sabi ko, okay na yan. Pero at the last minute, China became greedy. So, sabi na, tanggalin ninyo yan. Eh, wala namang papayag yan.
10:15.6
So, that's where we are now.
10:19.6
Although technically, dahil mukhang back to zero po tayo dito, it doesn't have to be China sinok. We can go back to other options when it comes to developing this. Tama po ba?
10:30.2
Yes. When President Marcos Jr. took office, the Chinese sabi nila, let's talk again. Eh, wala namang ano. Umupo tayo sa kanila. Pero ganyan pa rin eh. So, wala.
10:45.6
Sir, constitution, no government, no administration can agree with the Chinese eh. Dapat yung MOU na yun, yun na. That's really, you know, the ideal solution.
10:59.5
And then po, sir, pero ano rin, parang reminder lang sa current generation at sa future. Kasi pinag-uusapan natin dito, meron siya long-term impact. It's basically make or break for, not just for the current generation, but for the next.
11:12.8
So, what if we fail to develop our...
11:15.6
Our own exclusive economic zone in terms of this resources? Ano yung mga pwede mangyari? Parang medyo, yung totoo po ano, kasi baka ibang hindi na-re-realize kaano ka-importante itong issue. Akala nila, medyo pa pinag-aawayin yung Sabina Shoal na yan. Ito po, in the context of energy security.
11:38.7
Well, if we cannot get the gasoline back, we import LNG. Napakamahal.
11:45.6
At least yung power rates natin, power energy, Meralko, will go up by 50%. It will be crushing. Tsaka yung mga manufacturers dito, lalo na yung mga foreigners, if tataas yung power rates, they cannot compete with their competitors in China. Yung mga competitors nila na locate sa China, sa Vietnam, they cannot compete. So, aalis sila, li-lipat sila to Vietnam and China.
12:15.6
We have to suffer 50% more in power, gasoline, and everything. Tsaka talagang maghihirap tayo. And it's because if we cannot get the gas, while Malaysia and Indonesia can get the gas, something's wrong with us. I mean, bakit hindi na natin makuha yan? And we are in a better position than Malaysia.
12:45.6
Or Indonesia. So, we are really incompetent kung hindi natin makuha yung gas.
