Philippines makes first 'significant natural gas discovery' in over a decade: Marcos

Philippine President Ferdinand R. Marcos said Jan. 19 that the Southeast Asian country has made a “significant natural gas discovery” in a reservoir called Malampaya East 1, or MAE1, which is located about 5 kilometers east of the existing Malampaya field. “The MAE-1 is estimated to contain around 98 billion cubic feet of gas in place. This helps Malampaya’s contribution and strengthens ourPhilippine President Ferdinand R. Marcos said Jan. 19 that the Southeast Asian country has made a “significant natural gas discovery” in a reservoir called Malampaya East 1, or MAE1, which is located about 5 kilometers east of the existing Malampaya field. “The MAE-1 is estimated to contain around 98 billion cubic feet of gas in place. This helps Malampaya’s contribution and strengthens ourRead More