First Gen has shortlisted two firms to provide a floating storage and regasification unit for its Batangas LNG import terminal in the Philippines.
The firm controlled by the Lopez family said in a statement it would select BW Gas, a unit of the Singapore-based gas giant, or a subsidiary of Norway-based floating LNG player Hoegh by the end of March.
To remind, First Gen said in December it was evaluating proposals to charter an FSRU by three firms, including BW Gas, Hoegh LNG Asia but also Dynagas.
FGEN LNG Corporation, a unit of First Gen, is developing the 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. Works should start in April.
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 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, it said.