SINGAPORE — Philippine power producer First Gen Corp. said it had awarded its second tender seeking a cargo of liquefied natural gas (LNG) to Swiss commodity trader Trafigura Pte. Ltd.
The cargo of LNG will be delivered to the BW Batangas, First Gen’s floating storage and regasification unit (FSRU), which is currently berthed at the First Gen Clean Energy Complex in Batangas City, the company said in a statement dated Nov. 16.
The LNG will be used by the gas-fired power plants there, it added.
First Gen had issued a tender in late October seeking its second LNG cargo for delivery between Nov. 25 and Dec. 25 on a delivered-ex-ship basis.
In July, the company bought its first LNG cargo from Shell to commission its FSRU in Batangas.
First Gen has four existing gas-fired power plants with a combined capacity of 2,017 megawatts that are powered by gas from the Malampaya indigenous offshore gas field.
Its unit FGEN LNG Corp. has built an interim offshore LNG terminal and executed a five-year charter of the BW Batangas, which will provide LNG storage and regasification services as part of the project.
First Gen said its LNG terminal “will play a critical role in ensuring the energy security” of the Luzon power grid and the Philippines.
Shares in the company finished unchanged at P18.12 each on Monday. — Reuters
First Gen awards second LNG tender
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