MANILA, Philippines — The Department of Energy (DOE) on Tuesday urged consumers not to raise their hopes too high that the contract extension of the Malampaya project would boost the power supply and prevent a looming shortage. Lawmakers and other groups had welcomed President Marcos' signing of the renewal agreement for Service Contract No. 38 on Monday, allowing the Malampaya consortium to operate for another 15 years, or until February 2039, and requiring it to search for new gas deposits to augment the Malampaya field's depleting reserves.

https://newsinfo.inquirer.net/1770066/no-certainty-in-finding-new-gas-reserves-in-malampaya-doe

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