Manila: Energy Secretary Sharon Garin on Friday announced that more crude oil deliveries are anticipated in the coming days, following the recent arrival of new supplies, as the government endeavors to stabilize the country's fuel inventory.

According to Philippines News Agency, the latest shipment from Japan amounted to approximately 144,000 barrels, with an additional 850,000 barrels scheduled for delivery from several countries in the coming weeks. These orders were secured after the government initiated discussions with oil-producing nations, including Malaysia and Indonesia, since early March. Garin highlighted the ongoing talks with other countries such as India, Argentina, Colombia, and Canada, stressing the importance of diversifying supply sources to ensure stable domestic fuel availability.

Garin also emphasized the importance of the recent natural gas discovery at the Camago-3 well in offshore Palawan, part of Service Contract No. 38 secured by Prime Energy. She noted that the additional output from Camago-3 is expected to enhance domestic energy supply at a lower cost compared to imported fuel, which could help reduce electricity prices.

In a statement on Thursday, Prime Energy announced that it is on track to deliver its first gas output from the Malampaya Phase 4 project in the last quarter of the year, following an announcement by President Ferdinand R. Marcos Jr. The company revealed that the Camago-3 well flowed at rates of up to 60 million standard cubic feet of gas per day, demonstrating the strength of the Filipino workforce and the collaboration between government and industry.