BusinessWorld
June 4, 2021 | 12:03 am
A UNIT of Lopez-led First Gen Corp. has entered into 10-year contract for towage and vessel support services with Denmark-based Svitzer in line with its offshore liquified natural gas (LNG) terminal project in Batangas City.
In a press release on Thursday, First Gen said Svitzer is providing four new build 75-ton bollard pull tug vessels, which will aid the operations of FGEN LNG Corp.âs floating storage regasification unit (FSRU) and LNG carriers.
An FSRU, which usually has a storage capacity of between 125,000 and 170,000 cubic meters, has an onboard regasification plant that can turn LNG back into its gaseous state and supply it directly into a gas network.
Philippines
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Denmark-based-svitzer
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