The Philippine government is seeing a more stable and cheaper energy due to the expanded development of the Malampaya gas field and the blending of imported liquified natural gas.
President Ferdinand "Bongbong" Marcos Jr. had a meeting with Prime Energy Resources Development B.V. in Malacañang on Tuesday.
The drilling of Prime Energy’s two deep wells will commence in the last quarter of 2024, with additional production from the Malampaya field expected to start by the first half of 2026. Further, Prime Energy also told Marcos about its plan to import LNG to make up for shortfalls in Malampaya gas.
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