Philippines Announces First Major Natural Gas Discovery in More Than a Decade

President Ferdinand Marcos Jr announced a gas discovery at the MAE-1 well. This find extends the Malampaya field's life beyond its 2027 depletion projection.

洞察:
President Ferdinand Marcos Jr ferdinand marcos jr announced on January 19, 2026, that the Philippines has discovered natural gas and condensate at the Malampaya East One (MAE-1) well. This represents the first major domestic find in over a decade for the nation of 110 million people. Located approximately 5 kilometers east of the existing Malampaya gas-to-power project off Palawan island, the discovery is expected to bolster the energy security of PH PHPH. The Malampaya gas-to-power project serves as the only indigenous source of Natural Gas in the country.
Philippine President Ferdinand Marcos Jr delivers his fourth State of the Nation Address (SONA) at the House of Representatives in Quezon City, Metro Manila, Philippines, July 28, 2025. REUTERS/Lisa Marie David
Philippine President Ferdinand Marcos Jr delivers his fourth State of the Nation Address (SONA) at the House of Representatives in Quezon City, Metro Manila, Philippines, July 28, 2025. REUTERS/Lisa Marie David
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