Philippine Fgen signs FSRU deal with BW Gas
First Gen said on April 5 it had signed a five-year deal with BW Gas for the charter of a floating storage regasification unit (FSRU) for its LNG import terminal in the Philippines. BW Gas and Hoegh LNG were selected for the final stage of the tender.
The FSRU to be provided, the BW Paris, has an LNG storage capacity of 162,400 m3 and nominal and peak gas send-out capacities of 500mn ft3/day and 750mn ft3/day, respectively. In addition to providing storage and regasification services, the BW Paris is capable of providing ancillary services such as the reloading of LNG into trucks and small-scale LNG vessels, which can then distribute LNG to nearby industrial areas as well as the rest of the Philippine archipelago, the company said.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
First Gen 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.
“The entry of LNG will encourage new power plant developments, as well as industrial and transport industries, to consider it as a replacement to more costly and polluting fuels,” it said.
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.