First Gen selects 3 European FSRU bidders for LNG project on December 23, 2020 at 7:45 pm
FGEN LNG Corporation (FGEN LNG), a subsidiary of Lopez-owned First Gen Corporation, said it has selected three European bidders to continue on to the next stage of its binding tender process for the charter of a Floating Storage Regasification Unit (FSRU) for the company’s interim offshore liquefied natural gas (LNG) terminal project in Batangas.
In a disclosure to the Philippine Stock Exchange, First Gen said the three bidders are namely: Norway-based BW Gas Limited and Hoegh LNG Asia Pte Ltd., as well as Athens, Greece-based Dynagas Ltd.
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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.