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The Malampaya Deepwater Gas-to-Power project is the first undertaking of its kind in the Philippines employing state-of-the-art deepwater technology to draw natural gas from deep beneath Philippine waters. The indigenous gas fuels three natural gas-fired power stations with a total generating capacity of 2,700 megawatts to provide 40-45% of Luzon's power generation requirements.

Since October 2001, the Philippines has been importing less fuel for power generation, providing the country foreign-exchange savings and energy security from this clean fuel.

Natural gas has the least CO2 among fossil fuels and is more efficient than other sources of power like coal and crude oil.