Statement by President Ferdinand R. Marcos Jr.

My fellow Filipinos, today I am proud to announce another step forward in our mission to secure affordable, reliable energy for every Filipino.

The Camago-3 well has been successfully drilled and tested, producing up to 60 million standard cubic feet of gas per day.

It is the second major milestone under our $893 million Malampaya Phase 4 campaign, and it is significantly larger than our first.

Camago-3 holds an estimated 2.5 times more recoverable gas than the Malampaya East 1 discovery.

So together, these two wells are projected to extend the life of the Malampaya gas field by an estimated six years.

Ano naman ang ibig sabihin nito para sa inyo? It means more power, steadier power, and cheaper power.

Malampaya gas costs us roughly PhP4.80 per kilowatt hour.

Imported LNG costs PhP10.30. More than double.

Every unit of power we generate from Malampaya instead of imported fuel is money saved by households, by small businesses, by every Filipino that pays an electric bill.

Alam natin lahat kung gaano kahalaga ito ngayon. Ang kaguluhan sa Middle East ay nagdudulot ng matinding pabago-bago sa presyo ng gasolina sa buong mundo.

Kaya naman, ginawa natin ang lahat para masiguro na may sarili tayong supply ng enerhiya upang maibsan ang epekto ng kaguluhan nito sa pang-araw-araw na buhay ng ating mga kababayan.

For the first time since the year 2000, new subsea pipelines are being laid in Philippine waters.

Ibig sabihin, may bagong tubo na itinatanim sa ilalim ng dagat para maihatid ang gas mula sa pinagkukuhanan patungo sa ating mga tahanan at negosyo.

We are not just extending a gas field. We are rebuilding our energy infrastructure from the ground up.

We are targeting first gas delivery by the fourth quarter of 2026 and we are not stopping there.

The next well, Bagong Pag-asa, sits 30 kilometers north of Malampaya and is already in the works.

This is indigenous energy. It is ours. This is our future. And it is how we protect every Filipino from the burden of rising global fuel prices.

Maraming salamat.

— END —