Philippines Plans LNG Imports from Alaska to Ensure Energy Supply

The Philippines plans to import liquefied natural gas (LNG) from Alaska as it seeks to secure its energy supply amid the depletion of the Malampaya gas field, which currently provides a fifth of the country's power. President Ferdinand Marcos Jr. is set to discuss this initiative with U.S. President Donald Trump, aiming to explore cooperation opportunities. The Alaska LNG project has faced challenges in securing contracts and investments, but Trump's executive order prioritizing its development underscores U.S. support. The Philippines began LNG imports in 2023 to stabilize energy generation and reduce reliance on coal. Additionally, Tokyo Gas Co. has announced its acquisition of a 20% stake in the Philippines' FGEN LNG Corporation, further highlighting international interest in the region's LNG infrastructure. The efforts reflect a broader regional trend towards cleaner energy sources in Asia.