First Gen working to secure LNG supplies for Batangas FSRU

First Gen has launched a tender to secure liquefied natural gas for its FSRU-based Batangas LNG import terminal in the Philippines.

The company’s executive VP and chief commercial officer, Jonathan Russell, said the LNG import terminal “remains on track to be completed by the end of the year,” according to a document posted after the company’s annual general meeting on Wednesday.

Russel said in the document that the company is currently running an LNG supply tender for an initial term supply of LNG for delivery for the period 2023 up to 2027.

“In parallel, First Gen is in discussions with several LNG suppliers to secure master sale and purchase agreements, which will allow for spot purchases of LNG, in addition to the term LNG supply,” he said.

He added that the “response of the market on the tender has been positive.”

Gas-fired power plants

To remind, the firm controlled by the Lopez family last year awarded the FSRU contract to BW Gas, a unit of the Singapore-based gas giant BW, as it looks to replace declining volumes from the Malampaya gas field.

FGEN LNG, a unit of First Gen, is in charge of the project.

Besides the deal with BW, it signed a contract with Denmark’s Svitzer under which the latter will provide towage and other vessel support services for the FSRU-based facility.

BW will deploy its converted 162,000-cbm FSRU BW Paris to serve the import facility at First Gen’s existing Batangas energy complex.

In addition to the FSRU, the project consists of the modification of the existing jetty for multi-use and adding gas receiving facilities.

The facility would serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN LNG affiliates, it previously said.

The Batangas terminal is one of the two LNG import facilities in the Philippines, along with AG&P’s LNG facility, which should start operations later this year. The country currently has no operational LNG import plants.

- Advertisements -

Most Popular

NNPC, Golar plan to take FID on Nigerian FLNG project in 2024

State-run Nigerian National Petroleum Corp and floating player Golar LNG plan to take a final investment decision on a...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

QatarEnergy, ExxonMobil update on Golden Pass LNG work

Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the...

More News Like This

First Gen in talks to secure LNG supplies for Batangas FSRU

Power producer First Gen is in talks with liquefied natural gas players to secure LNG supplies for delivery to...

First Gen seeks LNG cargo for July delivery

Power producer First Gen is seeking one spot LNG cargo for delivery in July to its FSRU-based import terminal...

Tokyo Gas inks deal to take 20 percent stake in First Gen LNG

Japan’s city gas supplier and LNG importer, Tokyo Gas, has entered into a deal to buy a 20 percent...

CNOOC to supply LNG cargo to First Gen’s Batangas FSRU terminal

Power producer First Gen has awarded a contract to a unit of China's state-owned energy giant CNOOC to supply...