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    First Gen Kicks off Philippines LNG Project


First Gen is one of the biggest independent power producers and the leading gas power generation company in the Philippines.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, Investments, Infrastructure, News By Country, Philippines

First Gen Kicks off Philippines LNG Project

Manila-listed First Gen held May 28 the ground breaking ceremony for its planned LNG receiving terminal and said it has completed “significant” pre-development work in Batangas City.

Last year, Japanese utility, Tokyo Gas, signed an agreement with the Philippines' biggest independent gas-fired power plant operator to develop an LNG receiving terminal. Tokyo Gas has a 20% participating interest in FGEN LNG Corporation, a wholly-owned subsidiary of First Gen Corporation.

First Gen has about 2 GW in operating gas assets composed of four gas-fired power plants – the 1-GW Santa Rita plant, the 500-MW San Lorenzo plant, the 414-MW San Gabriel plant and the 97-MW Avion plant – all of which operate on Malampaya gas supply.

Once completed, the LNG terminal will allow the country to import LNG and ensure a continuing stable supply of clean energy once the Malampaya gas field is depleted, First Gen said.