Southeast Asian grid strain.
prob 0.42
severity 3.0 / 5 · revision 2026-05-06watch · 11 Southeast Asian economies · power + manufacturing$ shortage country get PHL > stress_index: 0.55 WATCH > 1 events · 1 scenarios > refreshed 2026-05-17
BRENT $84.27 ▲ TTF €31.50 ▼ OPEC_SP 3.8 mb/d ● SPR_US 372.4 Mb FAO_FFPI 121.4 ▲
The v3.2 stress index is a six-axis composite of energy and food exposure, geopolitical pressure, fiscal headroom, demography and supply concentration, normalised to a 0–1 scale.
The Philippines imports almost all of its oil and is turning to LNG as the Malampaya gas field that fuels much of Luzon's power depletes. The world's largest rice importer, it is structurally food-import dependent. A sprawling archipelago, it is repeatedly struck by typhoons.
El Niño brings recurrent drought to the Philippines, lowering reservoirs and dam-fed irrigation.
| STOCK TYPE | RESERVE | DAYS COVER | STATUS |
|---|---|---|---|
| Crude and products · commercial inventoriesAlmost all crude and product is imported; stocks are thin across a dispersed island market. | limited | 25days | WATCH |
| Natural gas · Malampaya and LNGThe Malampaya field is running down; new LNG import terminals are taking up the load. | depleting | 15days | WATCH |
| Grain · NFA rice bufferThe Philippines is the world's largest rice importer; the state buffer cushions price spikes. | moderate | 50days | WATCH |
$ curl -s https://api.shortage.life/v1/countries/PHL | jq '.stress' > 0.55