Press Statement of Deputy Speaker and Batangas Rep. Ralph G. Recto

May 15, 2023

Malampaya gas is a bulwark of our energy security. It fuels  base-load power plants in my home province of Batangas.

At one point, it provided 40% of the energy needs of the almost 57 million people living in the world’s 4th most populous island.

The extension of the Malampaya Service Contract for 15 years not only guarantees our supply of that strategic fuel, but retains our presence in an area regarded as harboring big oil and gas deposits.

Corporations require regulatory stability to put in more investments, and the extension of the contract provides the stable business climate that will ensure that this national resource will be harnessed for the greater good. 

When Malampaya goes dry, Luzon goes dark. That is how important it is.