Malampaya expansion targets gas supply by 4Q 2026

Local gas seen to ease power costs amid global fuel crunch.

Filipinos could see more stable and potentially cheaper electricity in the future, offering a measure of hope amid the ongoing surge in global oil prices, as new wells from the Malampaya gas field become operational and ready to supply fuel by the fourth quarter of 2026.

Prime Energy Resources Development, the Razon Group’s operator of the Malampaya gas-to-power project, said the Camago-3 well, located offshore Palawan, flowed at rates of up to 60 million standard cubic feet of gas daily during testing.

Locally sourced natural gas from Malampaya is estimated at around ₱4.80 per kWh, significantly lower than imported liquefied natural gas, which can reach about ₱10.30 per kWh.

Malampaya currently fuels a significant portion of Luzon’s power plants, making it key to maintaining stable electricity supply, especially as global energy markets face disruptions linked to ongoing tensions in the Middle East.

Energy analysts say expanding indigenous gas supply could help shield Filipino consumers from volatile global fuel prices, potentially reducing the impact of similar supply shocks down the line while lowering dependence on imports.

 

 

Hope for lower power bills? The Malampaya gas field expansion is on track for 4Q 2026.

 

 

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