Natural Gas

President Ferdinand Marcos Jr. announced a significant natural gas discovery east of the Malampaya field, the first major find in more than a decade. The reservoir holds 98 billion cubic feet of gas, enough to power 5.7 million homes for a year.

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Mitsubishi Corp has agreed to buy Aethon Energy Management's shale gas production and infrastructure assets in Texas and Louisiana for $7.53 billion, marking its largest deal to strengthen its gas supply chain.