Prime Infrastructure Capital has completed the previously announced purchase of a 60 percent equity stake in First Gen’s gas business in the Philippines, including the Batanagas LNG terminal.
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US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
Malaysian shipping firm MISC has officially signed a shipbuilding deal with China’s Hudong-Zhonghua for five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers, which will serve a 20-year charter with a unit of MISC’s parent, Petronas.
First Gen has entered into a deal with Prime Infrastructure Capital under which the latter will acquire a 60 percent equity stake in First Gen's gas business in the Philippines, including the Batanagas LNG terminal.
PetroChina International, a unit of state-owned PetroChina, has delivered its first cargo of liquefied natural gas to First Gen's FSRU-based terminal in the Philippines.