May 26, 2021 11:40:am
Summary Manila-listed First Gen last month signed a five-year deal with BW Gas for the charter of BW Paris for its LNG import terminal in the Philippines.
by: Shardul Sharma
Floating storage regasification unit (FSRU) BW Paris, which has been chartered by Manila-listed First Gen Corp, can serve as a regional hub that can facilitate LNG use in the Philippines an.
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Norway firm backs First Gen’s LNG project Jordeene B. Lagare
Norway-based BW Gas Ltd. has expressed its commitment to First Gen Corp.’s liquefied natural gas (LNG) project in Batangas.
The Lopez-led company told the local bourse on Wednesday that BW Gas issued a “commitment undertaking” to its subsidiary FGEN LNG Corp. as early as November last year.
BW Gas stipulated in the said undertaking that BW Gas unit BW FSRU IV Pte. Ltd. shall ensure “that the BW Paris was not contracted, either conditionally or unconditionally, to any person(s) (other than FGEN LNG) in a manner that would prevent the BW Paris from being available to be chartered by FGEN LNG to meet the requirements and timeframe of the project.”
Published April 5, 2021, 2:36 PM
Lopez-led First Gen Corporation has selected Norwegian firm BW Gas Limited for its five-year time chartering of floating storage regasification unit (FSRU) relative to the liquefied natural gas (LNG) import facility that it will be setting up at its Clean Energy Complex in Batangas.
In a disclosure to the Philippine Stock Exchange, First Gen stated that “the FSRU to be provided – the BW Paris – has LNG storage capacity of 162,400 m3 and a nominal and peak gas send out capacity of 500 MM scfd (million standard cubic feet per day) and 750 MM scfd, respectively.”
The interim LNG import terminal of the company is being advanced to commercial fruition by its subsidiary FGEN LNG Corporation, in partnership with Japanese firm Tokyo Gas Co. Ltd.
Philippine Fgen signs FSRU deal with BW Gas
Apr 5, 2021 2:20:pm
Summary
by: Shardul Sharma
Posted in:
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 m
3 and nominal and peak gas send-out capacities of 500mn ft
3/day and 750mn ft
3/day, respectively. In addition to providing storage and regasification services, the