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Friday, May 25, 2018

Natural Gas From Maguindanao Could Make The Philippines The Next Dubai?

The Philippines has been known for undeveloped natural resources which experts say could bring enormous riches to the country. Just recently, President Rodrigo Duterte led the inauguration of the Alegria Oil drill in Cebu which can produce around 400 barrels of oil per day. This is expected to boost the income of the region and the country as well.
Another prospective natural gas deposits also found in Maguindanao's Liguasan Marsh. Maguindanao Rep. Zajid Mangudadatu said if fully developed, the natural gas deposits could make the Philippines the next Dubai.
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The Philippines has been known for undeveloped natural resources which experts say could bring enormous riches to the country. Just recently, President Rodrigo Duterte led the inauguration of the Alegria Oil drill in Cebu which can produce around 400 barrels of oil per day. This is expected to boost the income of the region and the country as well. Another prospective natural gas deposits also found in Maguindanao's Liguasan Marsh. Maguindanao Rep. Zajid Mangudadatu said if fully developed, the natural gas deposits could make the Philippines the next Dubai. Advertisement Sponsored Links Unexploited to its full potential that is estimated at $1 billion, a gas field in the heartland of the decades-long fighting in the south has become a source of cooking gas, a lawmaker with jurisdiction over the area said Friday. The area beneath Lake Buluan in Maguindanao's Liguasan Marsh contains 68 billion cubic feet of gas, according to a government survey. It is also believed to contain oil and coal if deeper digging is made, said Maguindanao Rep. Zajid Mangudadatu. The government distributed cooking stoves so that residents here can make use of the methane gas. Otherwise, it will just be wasted, Mangudadatu said in an interview on DZMM. "Palagay ko in 25 years kayang-kaya madevelop iyan (I think it can be developed in 25 years). I am very optimistic that the Philippines will be the next Dubai," he said. The Liguasan Marsh area has seen the bloodiest of clashes between government troops and Muslim rebels, including one encounter in Mamasapano town in 2015 that left 44 police commandos killed and scuttled peace negotiations. Maguindanao folk are counting on the passage of a self-rule law in the south to enable the full development of the gas reserves. "This is not just for Maguindanao province, but for the whole country," he said. READ MORE: No HSWs Has Been Sent To Kuwait Yet After Lifting Of Ban In Demand College Courses Which Only A Few Take Up OFWs Must Save, Get Insurance And Have An Investment OFW Help Desks From TESDA Now Available at International Airports Signs That You And Your Partner Have An Unhealthy Communication It's More Deadly In The Philippines? Tourism Ad In New York, Vandalized Earn While Helping Your Friends Get Their Loan List of Philippine Embassies And Consulates Around The World Deployment Ban In Kuwait To Be Lifted Only If OFWs Are 100% Protected —Cayetano Why OFWs From Kuwait Afraid Of Coming Home? How to Avail Auto, Salary And Home Loan From Union Bank

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A gas field in the heartland of the decades-long fighting in the south has become a source of cooking gas value estimated at $1 billion is yet to be developed and give riches to the region.



 According to a government survey, Lake Buluan in Maguindanao's Liguasan Marsh contains 68 billion cubic feet of gas as well as oil and coal if deeper digging is made.



Maguindanao Rep. Zajid Mangudadatu said the government distributed cooking stoves to the residents so that they can make use of the methane gas otherwise, it will just be wasted.




The Liguasan Marsh area has been a witness of the most dreadful of clashes between government troops and terrorist rebels, including the Mamasapano clash in 2015 that killed 44 SAF operatives and scuttled peace negotiations.


Residents of Maguindanao are counting on the passage of a self-rule law in the south enabling the full development of these gas reserves which may surely benefit not only Maguindanao but the whole archipelago.

 This article is filed under: Natural gas, Philippine Gas, Philippine news, Mindanao gas, Gas Exploration, Gas discovery, WEALTH, 
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