Recto Bank the only replacement to Malampaya
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It's all over the newspapers the past two months that natural gas supply from the Malampaya offshore source in Palawan seas will run out in four years time. For the past 45 years, natural gas from the Malampaya gas fields supplied via a submarine pipeline to Batangas provides FORTY PERCENT, repeat, 40% of the fuel supply for electric power plants in Luzon. Just imagine a 40% loss of electric power and that’s the reason why First Gen of the Lopez group is putting up a $1.2-billion liquefied natural gas storage in Batangas in preparation for IMPORTATION of LNG (liquefied natural gas). Without Malampaya, everybody knows that importation at P5 billion per month of LNG is a tremendous economic burden to our country.
Mana-ay, E. (2019, July 1). Recto Bank the only replacement to Malampaya. Daiy Guardian, p. 5.
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