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.
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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.
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.