First Gen says it secured Norway firm's LNG vessel ahead of others

BusinessWorld
April 29, 2021 | 12:02 am
FIRST GEN Corp. said on Wednesday that Norway’s BW Gas Ltd. had committed to provide a liquefied natural gas (LNG) vessel to the Lopez-led firm’s unit ahead of a similar deal with another local company.
It said BW Gas, which owns a subsidiary that will deliver the floating storage and regasification unit (FSRU), made the commitment as early as November last year.
First Gen’s clarification in a disclosure to the stock exchange came a few days after the Department of Energy (DoE) approved Vires Energy Corp.’s application to proceed with its planned gas-fired power plant, which is integrated with an LNG storage and regasification facility, in Batangas.

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