Aside from Alegria, Cebu there’s another place in Mindanao which holds trillions of pesos of gas

Aside from Alegria gas and oil fields in Cebu, there is another place in Mindanao which holds billions of dollars of natural gas.

The vast reservoir of natural gas can be found in Liguasan Marsh, a 220,000 hectares of land which lies along the provinces of North Cotabato and Mindanao.

According to Moro National Liberation Front (MNLF) Chairman Nur Misuari, the Americans who estimated the earnings from the natural gas of Liguasan once explored will amount $580 billion (P30-T)

“Kung i- convert yan sa ating pera, aabot yan ng trillion pesos”, Misuari told GMA News in 2008.

Aside from its rich oil reserved, the marsh is also rich in wildlife, and different species are living in the said place.

Different clans in Mindanao claimed that Liguasan Marsh is part of their ancestral domain and the government should plan carefully about the wealth-sharing once its start producing oil.

Misuari believed that there’s already peace in Mindanao, the people there could now easily obtain the resources of Liguasan which can give a huge number of jobs and opportunities to the Mindanaoans.

However, the drilling has been suspended during the Aquino administration after they followed the request by the Moro Islamic Liberation Front (MILF) to forbid any bidding or contract until they’re still not yet done in negotiating the wealth-sharing under the Bangsamoro.

Under the Petroleum Act, the government stands to earn about 60 percent in royalties from extraction activities.

During the Duterte administration, Energy Secretary Alfonso Cusi seek the help of Saudi Arabia to help the Philippines in exploring the gas reserves in Liguasan Marsh.

In the video posted on social media, it shows that some parts of the marsh are igniting, showing a sign that there’s a deposit of gas beneath it.

Aside from Liguasan Marsh, Sulu sea and Central Mindanao is also being eyed for oil exploration.

Department of Energy said that this area also holds around hundreds of millions of barrels of oil.

Source: GMA/Inq

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