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Philippines Signs Two New Petroleum Contracts, Boosts Energy Resilience

4/7/2026

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Summary

Story summary

Two new Petroleum Service Contracts (PSCs) were signed for the Alegria field in Cebu and for natural hydrogen exploration in Leyte.
President Ferdinand R. Marcos Jr. approved the contracts, bringing the total PSCs under his administration to 12.
The Department of Energy is studying nine native-hydrogen areas to reduce imported fuel dependence and strengthen energy resilience.

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Story summary

Two new Petroleum Service Contracts (PSCs) were signed for the Alegria field in Cebu and for natural hydrogen exploration in Leyte.
President Ferdinand R. Marcos Jr. approved the contracts, bringing the total PSCs under his administration to 12.
The Department of Energy is studying nine native-hydrogen areas to reduce imported fuel dependence and strengthen energy resilience.