The delivery window for that next round of LNG cargo to First Gen Singapore Pte. Ltd. will be from November 25-December 25 this year and it has been anchored on delivered ex-ship (DES) basis.
First Gen awards next LNG cargo to Singapore fuel trader
At a glance
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd.
Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be subject to operational tolerance of plus-or-minus 3.0%.
Trafigura, which is headquartered in Singapore, has strategic regional trading hubs in Geneva, Switzerland, Houston in the United States, Montevideo in Uruguay, as well as Mumbai in India.
The delivery window for that next round of LNG cargo to First Gen Singapore Pte. Ltd, according to the Lopez firm, will be from November 25-December 25 this year and it has been anchored on delivered ex-ship (DES) basis.
The procurement of the gas fuel, the company qualified, had been concluded following the conduct of an international tender, which was eventually won by Trafigura.
“The LNG cargo to be provided by Trafigura will be delivered by an LNG carrier which will be unloaded into the storage tanks of the BW Batangas FSRU (floating storage regasification unit) that is currently berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City,” the power firm expounded.
First Gen said the imported LNG will be fed into its existing gas-fired power plants that have been contributing greatly to Luzon grid power supply.
The company’s gas-fired power facilities include the 1,000-megawatt Santa Rita, 500MW San Lorenzo, 414MW San Gabriel and 97MW Avion generating assets – which altogether have been contributing up to 2,017MW capacity into the country’s electricity supply.
After more than two decades of depending mainly on gas supply from the Malampaya field, First Gen had set up its interim offshore LNG terminal project, and underpinned by a five- year Time Charter Party for the charter of the BW Batangas, that has been designed to provide LNG storage and regasification to the gas import facility.
The Lopez firm stressed “the terminal will accelerate the ability to introduce LNG to the Philippines, to serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN’s affiliates.”
Through that venture, First Gen reiterated that it will “play a critical role in ensuring the energy security of the Luzon grid and the Philippines.”