THE total monetary value of the Philippines’s commercially recoverable energy reserves rose by 3.2 percent last year, data released by the Philippine Statistics Authority (PSA) on Thursday showed.
Based on the PSA’s Energy Asset Accounts, the combined value of the country’s Class A coal, oil, natural gas and condensate reserves reached P295.04 billion in 2025, up from P285.80 billion in 2024.
The PSA defines Class A reserves as ‘commercially recoverable energy resources confirmed to be economically viable under a defined development project or operation.’
Despite the increase in their total value, the four non-renewable energy resources accounted for a smaller share of gross domestic product (GDP), at 0.15 percent or P42.92 billion in 2025, down from 0.16 percent a year earlier.
Coal accounted for the largest share of the total monetary value of energy reserves, with Class A coal reserves valued at P253.31 billion in 2025, up by 2.3 percent from P246.79 billion in 2024.
The value of Class A natural gas reserves rose by 38.5 percent to P27.04 billion in 2025 from P19.53 billion a year earlier. Class A oil reserves also increased by 38.5 percent to P1.80 billion from P1.30 billion.
In contrast, the value of Class A condensate reserves fell by 25.4 percent to P12.89 billion in 2025 from P17.29 billion in 2024.
In terms of physical stock, Class A coal reserves increased by 15.1 percent to 445.73 million metric tons (MT) in 2025 from 387.17 million MT a year earlier.
Coal extraction, however, also increased, rising by 22.8 percent to 21.68 million MT in 2025 from 17.66 million MT in 2024.
Meanwhile, Class A natural gas reserves declined by 15.9 percent to 195 billion standard cubic feet (scf) in 2025 from 232 billion scf in 2024. Natural gas extraction also fell by 9.6 percent to 63.56 billion scf from 70.34 billion scf.
Class A condensate reserves dropped by 16.7 percent to 5 million barrels in 2025 from 6 million barrels a year earlier. Its extraction likewise declined by 8.4 percent to 1.59 million barrels from 1.73 million barrels.
In contrast, Class A oil reserves increased by 4.6 percent to 434,000 barrels in 2025 from 415,000 barrels in 2024, which the PSA attributed to upward reappraisals. Oil extraction, however, decreased by 10.9 percent to 399,010 barrels from 447,860 barrels.