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    Jacobs bags Philippines LNG terminal work

Summary

Manila-listed First Gen Corp recently signed a five-year deal with BW Gas for the charter of a floating storage regasification unit for its LNG import terminal in Batangas City.

by: Shardul Sharma

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Jacobs bags Philippines LNG terminal work

US-listed Jacobs has been awarded an engineering, procurement and construction services contract for Fgen LNG’s proposed floating LNG import terminal in the Philippines, it said on April 13.  

Manila-listed First Gen Corp, Fgen LNG’s parent company, recently signed a five-year deal with BW Gas for the charter of a floating storage regasification unit (FSRU) for its LNG import terminal in Batangas City.  

Jacobs’ contract involves the modification of an existing liquid fuel jetty to accommodate the FSRU, as well as LNG carriers. The scope includes modifications to the jetty head, berthing and mooring facilities; a trestle bridge with high-pressure gas pipeline and utilities; and a jetty monitoring building and control room. Jacobs said it will also undertake design review, project management and supervision of the construction of the project. 

First Gen earlier this month said the project would allow the company to accelerate its ability to introduce LNG to the Philippines as early as Q3 2022 to serve the natural gas requirements of existing and future gas-fired power plants of third parties and Fgen LNG affiliates.     

First Gen has about 2 GW of generating capacity at four operating gas assets – the 1-GW Santa Rita, the 500-MW San Lorenzo, the 414-MW San Gabriel and the 97-MW Avion plants – all of which depend on gas from the offshore Malampaya field, which is expected to become depleted in a few years. They are all at Batangas city.