Philippines plans LNG imports from Alaska to secure energy supply

The Philippines is eyeing to import liquefied natural gas (LNG) from Alaska to secure its energy supply as domestic sources dwindle.

In a Bloomberg report, Ambassador to the U.S. Jose Manuel Romualdez said the plan will be among the key topics for discussion when President Ferdinand Marcos Jr. meets with U.S. President Donald Trump at the ‘earliest possible time.’

The move comes as the Philippines seeks to expand its LNG supply, following the near depletion of the Malampaya gas field, which currently provides about 20% of Luzon’s power needs.

In January, Marcos signed a law to develop the country’s downstream natural gas industry, aiming to reduce its heavy reliance on coal and increase LNG’s share in the energy mix.

The country began importing LNG in 2023 to prevent supply disruptions and ensure stable electricity generation.

Meanwhile, Japanese energy firm Tokyo Gas Co. recently announced its acquisition of a 20% stake in the Philippines’ FGEN LNG Corporation, which operates a floating LNG terminal in Batangas City.

With energy security at stake, the Philippine government is ramping up efforts to secure LNG imports and diversify its fuel sources.

As the country faces increasing energy challenges, how do you think the government should balance sustainability and affordability in securing power supply?