Gas discovery provides boost to Philippines fast-dwindling reserves


MANILA: Philippines President Ferdinand Marcos (pic) said Monday (Jan 19) that a "significant" discovery of natural gas had been made near the country's sole producing offshore site.

About 98 billion cubic feet (2.8 billion cubic metres) of natural gas has been found five kilometres (three miles) east of the Malampaya Field near the island of Palawan, Marcos said, or enough to provide power to 5.7 million homes for a year.

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