23 December 2020 0:06 GMT Updated 23 December 2020 0:06 GMT in London
First Gen LNG (FGEN LNG) has selected a trio of preferred contractors to advance to the next phase of the binding tender process for a leased floating storage and regasification unit for its Batangas liquefied natural gas import project in the Philippines.
After an initial evaluation, progressing to the next stage are BW Gas, Hoegh LNG and Dynagas, FGEN LNG confirmed on Monday.
The move comes as somewhat as a surprise with Athens-headquartered player Dynagas replacing GasLog as one of the three earlier shortlisted FSRU providers.
FGEN intends to use the FSRU to import LNG into the Philippines as early as the third quarter of 2022. Volumes will serve existing and future third party gas-fired power plants and those of FGEN LNG affiliates.
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.