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Philippines Discovers 2.8 Billion Cubic Meters of Natural Gas

1/19/2026

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Summary

Story summary

President Ferdinand Marcos announced a natural gas discovery at Malampaya Field, estimating 2.8 billion cubic meters.
The reservoir contains 98 billion cubic feet of gas and could power over 5.7 million households annually.
The find may reduce reliance on coal, but liquefied natural gas (LNG) imports remain necessary.
Marcos said the discovery is part of the fourth Malampaya drilling phase, including two additional wells and condensate.

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Story summary

President Ferdinand Marcos announced a natural gas discovery at Malampaya Field, estimating 2.8 billion cubic meters.
The reservoir contains 98 billion cubic feet of gas and could power over 5.7 million households annually.
The find may reduce reliance on coal, but liquefied natural gas (LNG) imports remain necessary.
Marcos said the discovery is part of the fourth Malampaya drilling phase, including two additional wells and condensate.