Energy Regulatory Commission (ERC) Chairperson and CEO Atty. Francis Saturnino Juan joined President Ferdinand Marcos Jr. at the Malampaya Onshore Gas Plant to mark the first flow of natural gas from two new Malampaya Phase 4 wells.
The wells, Malampaya East-1 and Camago-3, add an estimated 222 billion cubic feet of recoverable gas reserves.
They are expected to extend by about six years the life of the Malampaya project, which has fueled power plants serving Luzon for more than two decades.
Juan congratulated Prime Energy, the gas exploration arm of Prime Infrastructure Capital, Inc., and its partners in the Service Contract No. 38 consortium for bringing the new wells on stream.
“The ERC supports President Marcos’ push to develop more of our own energy resources.”
“We congratulate Prime Energy and its partners on this milestone, which strengthens our supply of local gas. The ERC supports President Marcos’ push to develop more of our own energy resources, and the Commission will continue to review the costs passed on to consumers to ensure that the rates they pay are fair and reasonable,” he said.
Juan also expressed the ERC’s support for the Department of Energy’s (DOE) program to implement Republic Act No. 11875, or the Philippine Natural Gas Industry Development Act, including the prioritization of indigenous natural gas in meeting the country’s energy needs.
“Greater use of Malampaya gas could make electricity more reliable and rates more competitive by reducing reliance on imported fuel.”
Marcos said greater use of Malampaya gas could make electricity more reliable and rates more competitive by reducing reliance on imported fuel.
“Sariling gas. Mas maaasahang kuryente. Mas matatag na enerhiya para sa ating bansa,” the President stressed.
