THE value of Philippine non-renewable energy resources in 2025 rose 3.2% to P295.04 billion due to the increased value of its coal, oil, and natural gas reserves, the Philippine Statistics Authority (PSA) said on Thursday.
Citing preliminary data, the PSA said the 2025 valuation was the highest level since the 2023 level of P329.27 billion.
The PSA added that non-renewable energy resources were equivalent to 0.15% of gross domestic product in 2025.
The value of Class A coal reserves — or those classified as commercially recoverable — rose 2.3% to P253.31 billion, it said.
Class A oil and natural gas reserve valuations both grew 38.5% to P1.80 billion and P27.04 billion, respectively, in 2025.
Meanwhile, the value of Class A condensate reserve fell 25.4% to P12.89 billion.
“The increase in non-renewable energy asset values is a positive signal for energy security, but the bigger challenge is turning reserves into reliable domestic supply,” Jonathan L. Ravelas, senior adviser at Reyes Tacandong & Co. said via Viber.
By volume, Class A reserves of coal and oil rose 15.1% and 4.6% to 445.73 million metric tons and 434 thousand barrels, respectively.
The volume of natural gas fell 15.9% to 195 billion standard cubic feet, while that of condensate declined 16.7% to 5 million barrels.
The value of non-renewable energy resource rents rose 4% to P42.92 billion, though their share of the economy fell 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 calculated after all costs and normal returns have been taken into account.”
“The future story is not coal but natural gas, where new discoveries could meaningfully reduce import dependence and strengthen long-term economic resilience,” Mr. Ravelas said. — Matthew Miguel L. Castillo