Leading clean energy firm First Gen Corporation has formally issued its tender notice for the spot procurement of liquefied natural gas (LNG) that it will use for the ‘wet commissioning’ of its LNG import facility. In its invitation to bid (ITB) for LNG spot tender, the company has specified...
Razon-led Prime Infrastructure Capital Inc. has inked a memorandum of understanding (MOU) with FGEN LNG Corporation of the Lopez group for the lease and operation of the latter’s liquefied natural gas (LNG) storage and regasification terminal for its gas aggregation business plan. Beyond the MOU,...
Lopez-led First Gen Corporation is scheduling a tender process for the procurement of its liquefied natural gas (LNG) on a spot contract basis that will be utilized as commissioning fuel for its LNG import facility in Batangas. According to First Gen Chief Commercial Officer Jonathan C. Russell,...
SMC Global Power Holdings Corporation of the San Miguel group officially leads the Philippines’ debut into the "LNG importers club of the world" following the arrival of its first LNG shipment at one of the country’s major ports. The Department of Energy (DOE) affirmed the arrival of the first...
Generating facilities feeding on liquefied natural gas (LNG) will be playing a ‘critical role’ in the energy transition from coal-fired power as envisioned by the government. For that vision to be concretized though, Jonathan Russell, executive vice president and chief commercial officer of...
At least three liquefied natural gas (LNG) import facilities that are anchored on floating storage and regasification units (FSRUs) will start competing for the Philippine gas market next year. Already head-to-head in the race are the proposed LNG offshore facilities of First Gen Corporation...
The Philippine energy sector is bracing for a “triple whammy” next year – especially in the peak demand months of summer – due to highly probable continued forced outages in power facilities; de-rating of the gas plants; and shortage of gas fuel that can already be extracted from the...
Project sponsor-firm Vires Energy Corporation (VEC), a subsidiary of listed firm A. Brown Company Inc., has formally admitted to the Department of Energy (DOE) the information lapse on its targeted deployment of floating storage and regasification unit (FSRU) that is tied to its planned liquefied...
Lopez-led First Gen Corporation has selected Norwegian firm BW Gas Limited for its five-year time chartering of floating storage regasification unit (FSRU) relative to the liquefied natural gas (LNG) import facility that it will be setting up at its Clean Energy Complex in Batangas. In a disclosure...
The P65 billion worth of liquefied natural gas (LNG) import terminal projects cornered by the government had been proposed for pioneer incentives availment under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill that is under continued deliberations in Congress....
When its interim import terminal for liquefied natural gas (LNG) will kick off commercial operations in 2022, FGEN LNG Corporation, a subsidiary of Lopez-led First Gen Corporation, will in parallel be setting in motion the market introduction of gas for locators in economic zones and industrial...
American firm Excelerate Energy is racing ahead in bringing to commercial fruition the country’s first floating storage regasification unit (FSRU) for imported liquefied natural gas (LNG) by the second quarter of 2022. ( Photo credit: https://excelerateenergy.com/) In an announcement to the...
