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Philippines Unveils Major Natural Gas Discovery Near Malampaya

1/23/2026

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Summary

Story summary

Ferdinand Romualdez Marcos Jr., the President of the Philippines, announced a natural gas discovery at Malampaya East-1, 5 kilometers from Malampaya.
The deposit is estimated to contain 98 billion cubic feet of gas.
Initial tests indicate a production capacity of 60 million cubic feet per day.
The discovery could reduce the Philippines' reliance on coal and oil.
Reed Bank exploration faces challenges from China's South China Sea claims.

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Story summary

Ferdinand Romualdez Marcos Jr., the President of the Philippines, announced a natural gas discovery at Malampaya East-1, 5 kilometers from Malampaya.
The deposit is estimated to contain 98 billion cubic feet of gas.
Initial tests indicate a production capacity of 60 million cubic feet per day.
The discovery could reduce the Philippines' reliance on coal and oil.
Reed Bank exploration faces challenges from China's South China Sea claims.