April 6, 2021 | 12:06 am Font Size
FIRSTGEN.COM.PH/
A SUBSIDIARY of First Gen Corp. has entered into a five-year contract to charter a liquefied natural gas (LNG) carrier from a unit of Norway-based BW Gas Ltd. in line with the Lopez-led companyâs offshore gas terminal project in Batangas.
In a disclosure on Monday, First Gen said the floating storage regasification unit (FSRU) that will be provided to its wholly owned subsidiary FGEN LNG Corp. is a vessel with a storage capacity of 162,400 cubic meters (m3) under their five-year time charter party.
The FSRU, a liquefied natural gas carrier, will be provided by BW FSRU IV Pte Ltd. The vessel â the BW Paris â has a nominal and peak gas send-out capacity of 500 million standard cubic feet per day (MMscfd) and 700 MMscfd, respectively.
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