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LNG as transition fuel offers opportunities, lower costs

LNG as transition fuel offers opportunities, lower costs
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LNG as transition fuel offers opportunities, lower costs

LNG as transition fuel offers opportunities, lower costs
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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First Gen plants to run on liquid fuel when Malampaya is out

First Gen plants to run on liquid fuel when Malampaya is out
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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First Gen allots $530M capex for expansion – Manila Bulletin

Published May 19, 2021, 2:33 PM
Lopez-led First Gen Corporation has earmarked US$530 million capital expenditures (capex) this year that will be funneled mainly to the expansion projects of subsidiary Energy Development Corporation (EDC) as well as its ongoing interim liquefied natural gas (LNG) import terminal.
During the company’s annual stockholders’ meeting, First Gen Chief Finance Officer Emmanuel P. Singson stated that “EDC is targeting a higher capex this year and is planning to spend US$280 million to catch up on its drilling and investments, as the Covid-19 pandemic resulted in the postponement of key activities last year.”
The EDC projects being advanced this year will include binary growth facilities – primarily its 3.6-megawatt Mindanao-3 and the 29MW Palayan Bayan project. ....

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