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BusinessWorld
April 29, 2021 | 12:02 am
FIRST GEN Corp. said on Wednesday that Norwayâs BW Gas Ltd. had committed to provide a liquefied natural gas (LNG) vessel to the Lopez-led firmâs 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 Genâs clarification in a disclosure to the stock exchange came a few days after the Department of Energy (DoE) approved Vires Energy Corp.âs 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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