Power producer First Gen is seeking one spot LNG cargo for delivery in July to its FSRU-based import terminal in Batangas, Philippines.
The firm controlled by the Lopez family said it seeks to procure a single cargo of LNG via its unit First Gen Singapore on a DES basis, to be utilized by FGEN’s existing gas-fired power plants in its complex in Batangas.
Also, the selected bidder will deliver the LNG cargo of about 125,000 cbm to the 162,000-cbm FSRU BW Batangas from July 1 to July 5, 2024.
First Gen expects to award the tender on June 11.
Sixth tender
This is the sixth tender the company issued since last year.
Prior to this tender, First Gen launched a tender for delivery in May, while the fourth tender was not awarded as First Gen did not get firm commitment from Manila Electric regarding the costs of the LNG supply.
In April, First Gen awarded a contract to a unit of China’s state-owned energy giant CNOOC to supply one LNG cargo to its FSRU-based terminal in Batangas.
First Gen said that CNOOC Gas and Power Trading & Marketing will supply one LNG cargo of about 130,000 cbm in May on a DES basis to the company’s unit, FGEN Singapore.
As reported by LNG Prime on May 24, the 2014-built 160,000-cbm, Kool Frost, owned by CoolCo, has delivered this cargo to the FSRU BW Batangas.
Moreover, the LNG carrier brought the cargo from the Australia Pacific LNG export terminal on Curtis Island near Gladstone.
First Gen also confirmed this in a statement issued on May 27 saying this is the fourth LNG shipment contracted by First Gen over the past 12 months.
Shell suppled the first LNG cargo for commissioning purposes to First Gen’s FSRU-based LNG terminal in August last year, while Trafigura and TotalEnergies supplied the second and the third cargo.
First Gen said this new shipment will help ensure a steady and stable supply of power in the country amid rising energy demand.
The company has a portfolio of four gas-fired power plants with a combined capacity of 2,017 MW that have been supplied for many years with gas from the Malampaya offshore gas field.
It is now buying LNG to replace declining volumes from the Malampaya gas field.