Philippine non-renewable energy asset valuation rises in 2025

Philippine non-renewable energy asset valuation rises in 2025
Energy valuation soars 2025

Preliminary 2025 data show the Philippines' non-renewable energy resources gaining value as coal, oil and natural gas reserves post increases. The valuation reaches P295.04 billion and equals 0.15% of gross domestic product, underscoring both reserve strength and the challenge of converting assets into domestic supply.

Highlights

  • The Philippine Statistics Authority reports non-renewable energy resource valuations rise 3.2% in 2025 to P295.04 billion, the highest since 2023's P329.27 billion.
  • Class A coal reserves grow 2.3% to P253.31 billion, while Class A oil and natural gas valuations increase 38.5% to P1.80 billion and P27.04 billion, respectively.
  • Resource rent values increase 4% to P42.92 billion, but their share of GDP slips to 0.15% from 0.16%, reflecting limited economic contribution despite higher asset valuations.

Reserve valuations and 2025 resource data

As reported by BusinessWorld, citing the Philippine Statistics Authority, the value of Philippine non-renewable energy resources rises 3.2% in 2025 to P295.04 billion, based on preliminary data. The PSA says this is the highest level since the 2023 valuation of P329.27 billion.

Class A coal reserves, defined as commercially recoverable, increase 2.3% to P253.31 billion. Class A oil and natural gas reserve valuations both grow 38.5% to P1.80 billion and P27.04 billion, respectively, while the value of Class A condensate reserves falls 25.4% to P12.89 billion.

By volume, Class A coal and oil reserves rise 15.1% and 4.6% to 445.73 million metric tons and 434 thousand barrels, respectively. Natural gas volume declines 15.9% to 195 billion standard cubic feet, while condensate volume drops 16.7% to 5 million barrels.

Energy security implications for the Philippines

The value of non-renewable energy resource rents increases 4% to P42.92 billion, although their share of the economy eases to 0.15% from 0.16% previously. The PSA defines resource rent as the surplus value accruing to the extractor or user of an asset after all costs and normal returns are taken into account.

Jonathan L. Ravelas, senior adviser at Reyes Tacandong & Co., says via Viber that the increase in non-renewable energy asset values is a positive signal for energy security, but that the bigger challenge is turning reserves into reliable domestic supply. He adds that natural gas, rather than coal, is likely to shape the longer-term outlook if new discoveries help reduce import dependence and strengthen economic resilience.

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