Manila, July 14 -- President Ferdinand R. Marcos Jr. on Monday conveyed his administration's full support for the Malampaya Phase 4 drilling operations, calling the project critical to ensuring an afforda-ble and stable power supply for millions of Filipinos.

In a Facebook post, Marcos emphasized the urgency of tapping new gas reserves as existing resources in the Malampaya gas field - which currently supplies about 20 percent of Luzon's power - continue to dwindle.

"Malampaya powers 20 percent of Luzon's electricity. Powering our homes, schools, hospitals, offices, and factories. But those reserves are running low," the President said.

"That's why Phase IV drilling is now underway to tap new wells and keep the power flowing so our peo...