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Razon’s Prime Energy targets gas supply by end of 2026 as Marcos supports expansion

JP by JP
March 28, 2026
in News, Politics, Trending
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Razon’s Prime Energy targets gas supply by end of 2026 as Marcos supports expansion
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The government is advancing efforts to sustain the country’s energy supply as new wells under the Malampaya Phase 4 project are projected to deliver first gas by the fourth quarter of 2026, according to the Department of Energy and operator Prime Energy.

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President Bongbong Marcos has underscored the need to maintain stable energy sources as existing Malampaya reserves decline, noting that the new wells are expected to extend indigenous gas supply and support power generation.

Energy Secretary Sharon Garin said development of additional wells, including Camago-3 and Malampaya East-1, is progressing in line with projected demand. She said the DOE is monitoring timelines as the project moves forward.

Malampaya supplies fuel to several power plants in Luzon and remains a key part of the country’s energy mix. The expansion aims to extend the field’s operating life by an estimated six years as electricity demand continues to grow.

The project is being carried out by the Malampaya Consortium led by Enrique Razon Jr.’s Prime Energy, in partnership with UC38 LLC, Prime Oil & Gas, and PNOC Exploration Corp., in coordination with the government.

The Department of Energy said it continues to work with industry participants to support the project’s development and ensure alignment with national energy plans.

Tags: energy expansiongas supplyMalampayaMarcosprime energyRazon
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