Summary
The Philippines has discovered a new gas deposit in the South China Sea, which is an area claimed by multiple countries. This discovery could greatly boost the Philippines' energy supply by providing enough gas for millions of homes.
Key Facts
- The new gas deposit, called Malampaya East-1, is located near the existing Malampaya gas field in the South China Sea.
- It contains an estimated 98 billion cubic feet of gas, enough to supply 5.7 million Philippine households.
- The South China Sea is contested by several countries, including China, which claims most of the area.
- This gas find could help extend the life of the Malampaya gas field, which currently supplies 20% of Luzon Island's energy needs.
- Preliminary tests indicate the new deposit could produce up to 60 million cubic feet of gas per day.
- The discovery was made by an all-Filipino consortium, showcasing the Philippines' growing abilities in energy development.
- The new deposit lies within the Philippines' exclusive economic zone, about 50 miles from Palawan province.
- The Philippines is exploring more potential gas sites, with results expected in early next year.
