New Reservoir Seen to Usher Developments for Natural Gas Industry in the Philippines

The Department of Energy Philippines reported the discovery of an estimated 98 billion cubic feet of gas in place, equivalent to about 142 Gigawatt hours of electricity at Malampaya East 1 (MAE-1). The MAE-1 discovery provides additional reserve capacity for power plants that depend on Malampaya. As a domestic energy source, it helps stabilize prices […]