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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.”