Manila, March 26, 2026 (AFP) - Philippines' Marcos says new well to extend crucial gas field's life

NAMPA / AFP

2026-03-26

Philippine President Ferdinand Marcos said Thursday the country's newest offshore well will yield 60 million cubic feet of gas per day, adding years to the life of the critical Malampaya gas field. The Philippines has some of the region's highest energy costs and faces a looming crisis as the Malampaya field, which supplies about 40 percent of power to the archipelago's main island, Luzon, has long been expected to dry up within a few years. "The......

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