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.
Published December 21, 2020, 3:12 PM
Lopez-led First Gen Corporation, through its corporate vehicle FGEN LNG Corporation, has formally shortlisted three prospective bidders on its procurement of floating storage regasification unit (FSRU) for its interim liquefied natural gas (LNG) import facility in Batangas.
The company announced that its preferred tenderers are foreign firms: BW Gas Limited; Dynagas Ltd.; and Hoegh LNG Asia Pte. Ltd.; and these were selected after the company had completed initial evaluation of their offers.
BW Gas Limited is subsidiary of the BW Group, which is headquartered in Oslo, Norway; and it is a leader in maritime energy transportation.
On the other, Dynagas is based in Athens, Greece and has wide expertise in regasification projects ranging from FSRU conversions to FSRU new builds; while Hoegh LNG Asia Pte. Ltd. is also a Norwegian company that specializes in the global market of transportation and floating regasification services of LNG.