Lopez-led First Gen Corporation looks to begin operating its offshore liquefied natural gas (LNG) terminal in Batangas before the year ends.
Commissioning, meanwhile, looks to be completed by October.
In a report by BusinessWorld, First Gen President and COO Francis Giles Puno said their next steps include figuring out how to sustain their regular LNG supply.
Puno noted that the sourcing of their supply would depend on the market, but it is preferred during the summer months when LNG is more affordable.
FGEN’s floating storage and regasification unit (FSRU) and onshore facilities are currently being commissioned, but are not yet connected. Puno said that they are looking to connect the two facilities by mid-October.
Earlier in July, First Gen secured an LNG cargo from Shell Eastern Trading Pte. Ltd. for the delivery of 154,500 cubic meters of LNG. The carrier will facilitate the gassing-up and cooling-down of the BW Batangas FSRU before the transfer into storage tanks.
BW Batangas is the FSRU of subsidiary FGEN LNG Corp, and BW LNG.
The FSRU will provide LNG storage and regasification services to First Gen’s existing and planned gas-fired power plants, and third-party terminal users.
BW Batangas will then return to the Batangas terminal to complete commissioning activities.
The cargo will be used by FGEN’s four natural gas-fired power plants in Batangas with a total capacity of 2,017 megawatts (MW) currently being supplied by the Malampaya gas field.