MANILA: Philippines President Ferdinand Marcos said on Monday (Jan 19) that a "significant" discovery of natural gas had been made near the country's sole producing offshore site. About 2.8 billion cubic metres of natural gas - enough to provide power to 5.7 million homes for a year - has been found east of the Malampaya Field near the island of Palawan, Marcos said. The Philippines has some of the region's highest energy costs and faces a looming crisis as the Malampaya gas field, which supplies about 40 per cent of power to the archipelago's main island, Luzon, is expected to run dry within a few years. https://www.channelnewsasia.com/asia/philippines-natural-gas-discovery-resources-malampaya-field-5867801 (ICE SINGAPORE)

Fonte notizia: CNA, 19 January 2026