New gas reservoir discovered off Philippines' Palawan province

"The discovered reservoir of Malampaya East One (MAE-1) is located about five kilometres east of the existing Malapaya field," Mr Marcos said in the video. "MAE-1 is estimated to contain around 98 billion cubic feet (2.78 billion cubic metres) of gas in place."

The President then explained in Filipino that the discovered volume of gas is equivalent to almost 14 billion KWh of electricity, which can provide enough power for 5.7 million households, 9,500 commercial buildings, or nearly 200,000 schools over the span of one year.

"This helps Malampaya's contribution and strengthens our domestic gas supply for many years," Mr Marcos said.