FGEN LNG Corp., a wholly-owned subsidiary of First Gen Corp., will start the construction of an interim offshore liquefied natural gas terminal at the First Gen complex in Batangas City in March, a top executive said Thursday. The charter of the vessel is part of FGEN LNG Corp.’s $300-million interim offshore liquefied natural gas (LNG) terminal project in Batangas City. The facility would serve the natural gas requirements of existing and future gas-fired power plants of FGEN LNG affiliates and third parties. FGEN LNG Corp., a wholly-owned subsidiary of First Gen, selected three companies to proceed with the next stage of the binding tender process for the charter of an FSRU. FGen LNG will focus on developing small-scale LNG solutions in 2 phases. FGen LNG said such method would provide "considerable opportunity" for the Philippines due to its geographical conditions. In a disclosure on Friday, the Lopez-led energy company said its unit FGEN LNG Corp. received from the Energy department […] “I’m pleased to tell you that the project has moved past the planning stage and it’s now moving ahead. FGEN LNG is a wholly-owned unit of First Gen for the Batangas LNG terminal project. The project will serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN LNG affiliates. A subsidiary of First Gen Corp. secured the approval of the Department of Energy (DoE) to build an interim offshore liquefied natural gas (LNG) terminal in Batangas City, Batangas province, months after applying for it. Ltd. First Gen has already issued a notice to proceed to McConnell Dowell, its engineering, procurement, and construction (EPC) contractor, which it hired for the project last year . FGEN LNG Corp, a wholly-owned subsidiary of First Gen Corp, will start the construction of an interim offshore liquefied natural gas terminal at the First Gen complex in Batangas City in March. The Department of Energy (DOE) has approved the construction timeline applied for by FGEN LNG Corporation, a joint venture of Lopez-led First Gen Corporation and Tokyo Gas Co. Ltd., for the US$300 million floating storage regasification unit (FSRU) project so it can bring liquefied natural gas (LNG) into the country starting 2022. The interim offshore LNG terminal project will allow FGEN LNG to accelerate its ability to introduce LNG to the Philippines as early as the third quarter of 2022. “I’m pleased to tell you that the project has moved past the planning stage and it’s now moving ahead. They will move on to the next stage of the binding tender process. “With the JCA, the parties will now transition from the development phase under the joint development ggreement (JDA) which initially governed First Gen and Tokyo Gas’s relationship since December 5, 2018,” First Gen said. FGEN LNG Corporation (FGEN LNG), a subsidiary of Lopez-owned First Gen Corporation, said it has selected three European bidders to continue on to the next stage of its binding tender process for the charter of a Floating Storage Regasification Unit (FSRU) for the company’s interim offshore liquefied natural gas (LNG) terminal project in Batangas. The preferred tenderers are BW Gas Ltd., Dynagas Ltd., and Höegh LNG Asia Pte Ltd. FGEN LNG Corporation (FGEN LNG), a wholly-owned subsidiary of First Gen Corporation (First Gen), is exploring the viability of developing small-scale liquefied natural gas (ssLNG) solutions at the First Philippine Industrial Park (FPIP), one of the largest and fastest-growing industrial parks in the Philippines today. The three preferred bidders are BW Gas Limited, Dynagas Ltd. and Hoegh LNG Asia Pte.
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