First Gen, controlled by the Lopez family, said Monday it has shortlisted three firms to provide an FSRU for its Batangas LNG import terminal in the Philippines.
The three preferred firms that will continue to the next stage of its binding tender process include BW Gas, Dynagas, and Hoegh LNG Asia, First Gen said.
This announcement follows the completion of a non-binding process First Gen launched earlier this year.
FGEN LNG Corporation, a unit of First Gen, is developing a FSRU-based import facility at the firm’s existing Batangas energy complex.
Besides the FSRU, the project consists of the modification of the existing jetty for multi-use and adding gas receiving facilities.
The project will allow FGEN LNG to accelerate its ability to introduce chilled fuel to the Philippines as early as the third quarter of 2022, according to the Lopez-controlled firm.
Additionally, the facility would serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN LNG affiliates.
To remind, First Gen recently announced two major moves regarding the development.
These include signing a deal with Japan’s Tokyo Gas to cooperate on the interim offshore LNG terminal but also awarding a contract to McConnell Dowell Philippines for the facility.
The contract is worth about $300 million and First Gen previously said the construction could begin by the end of this year.