#liquefied natural gas
Watchdog warns vs greenwashing on ‘natural’ gas
A new law in the climate-vulnerable Philippines further pushes for the polluting fuel
ERC clearance required prior to pass-on of LNG costs in Meralco rates
The Energy Regulatory Commission (ERC) has clearly stipulated that clearance shall be secured first before Manila Electric Company (Meralco) can pass on costs relating to procured supply from plants running on liquefied natural gas (LNG) – and that is primarily applied to its contracted capacities from the gas-fed generating assets of First Gen Corporation.
LNG industry charts decarbonization pathway with methane emissions reduction
ATHENS, Greece – The players in the liquefied natural gas (LNG) sector are well aware that they are in the ‘hot seat’ at the ongoing 28th Conference of the Parties (COP) Climate Change Summit, hence, the industry is pressing for collaborative decarbonization strategy that will mainly focus on mitigating methane emissions through the chain of their operations.
Volatility, ‘high priced era’ for LNG anticipated to linger
ATHENS, Greece – Energy markets depending on liquefied natural gas (LNG) to fuel the chain of their economic activities will have to brace for continued volatility and ‘high priced’ era of gas as this scenario in markets is seen to linger for a longer period of time, according to global players.
First Gen awards next LNG cargo to Singapore fuel trader
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd.
Aboitiz Power explores ‘transition financing package’ with JBIC
Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy (RE) sphere.
Pipelines, on-site production to help bring down green hydrogen costs
SEOUL – The conversion of gas pipelines as well as on-site production can help reduce the cost of hydrogen to commercially viable proportion and for it to thrive as a practicable energy solution starting in the 2030 timeframe, according to studies and assessments of UK-headquartered multinational firm Arup.
AG&P reshuffles top management
The Singapore-based holding firm of Atlantic, Gulf & Pacific Company (AG&P) has reshuffled its top management after the departure of its former Chief Executive Joseph Sigelman, following an internal investigation due to alleged mismanagement concerns in the company.
DOE orders physical inspection of delayed LNG projects
The Department of Energy (DOE) has ordered and deployed personnel to carry out physical inspection of the delayed liquefied natural gas (LNG) import facilities, as the snagged kick-off of their commercial operations have been triggering spikes in electricity rates being passed on to consumers.
DOE quizzed on mandate for DUs to procure gas-generated capacity
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power facilities.
Gas aggregation to help soften electricity rates
The ‘gas aggregation scheme’ being proposed by Prime Infrastructure Capital Inc. of the Razon group, will help soften electricity rates for consumers because that will lessen the risk the gas plant-developers will have to burden when it comes to fuel procurements.
Aboitiz Power to study ammonia co-firing by next year
Listed firm Aboitiz Power Corporation plans to kick off study on co-firing ammonia with coal-fed power plants, as a way to pare the carbon intensity of these environment-assaulting power generating assets.
Prime Infra to lease First Gen’s LNG terminal
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.
First Gen issues bid notice for LNG procurement
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.
Meralco ramps up RE projects
Power utility giant Manila Electric Company (Meralco) has hiked its pipeline of renewable energy projects to 1,700 megawatts, surpassing the five-year development plan earlier cast by its power generation subsidiary Meralco PowerGen Global Business Power Corp.
US firm pushes RE-gas investment
Kansas-headquartered global engineering firm Black & Veatch is recommending the mash-up of renewable energy (RE) and gas-fired power investments to ensure the success of ‘energy transition journey’ as well as the pathway to net zero emissions being advanced by many countries in the Southeast Asian region, including the Philippines.
New Malampaya gas find to hinge on oil pricing - DOE
Amid fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery.
First Gen slates auction for LNG spot contract
Lopez-led First Gen Corporation is scheduling a tender process for its targeted procurement of liquefied natural gas (LNG) that will be anchored on a spot contract that it can then utilize as a commissioning fuel for its LNG import facility in Batangas.
First Gen bares $20-B investment plan to 2030
To keep pace with the energy demand growth and decarbonization goals set by the Department of Energy (DOE), Lopez-led First Gen Corporation is lining up massive investments of $20 billion (equivalent to P1.123 trillion at prevailing exchange rate) until year 2030 for it to sustain its market share of 20-percent when it comes to kilowatt-hour production that would then be utilized to serve the growing electricity needs of Filipino consumers.