Defining the News
Senatoron a bright, sunny day flew to the Malampaya gas platform on June 28, 2024, just a day after heavy rains battered the offshore production vessel.
Ms. Cayetano, the new chairperson of the Senate Committee on Energy, presumably does not want the the investments in Malampaya go to waste. She is optimistic that the full development of the country’s natural gas resources, including Malampaya, will turn the corner and make the Philippines a significant producer and enable it to catch up with neighboring countriesMalaysia, Indonesia, and Thailand as of 2022 were Southeast Asia’s top gas producers, according to the 2023 Statistical Review.
The lawmaker will preside over the fate of a bill pending at the Senate that could give fruition to her belief that indigenous natural gas is a game-changer in the Philippine energy sector. The bill justifies the continued operation of Malampaya field under Service Contract 38, which the Marcos administration extended by another 15 years. Prime Infra has committed to drill up to three new wells to extend the lifespan of the Malampaya field.
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