FGEN LNG Corp, a wholly-owned subsidiary of First Gen Corp, will start the construction of an interim offshore liquefied natural gas terminal at the First Gen complex in Batangas City in March.
“I’m pleased to tell you that the project has moved past the planning stage and it’s now moving ahead. We recently issued notice to proceed to our EPC [engineering, procurement and construction] contractor McConnell Dowell and the engineering is underway with construction expected to start by March of this year,” said First Gen executive vice president and chief commercial officer Jonathan Russell.
FGEN LNG earlier selected McConnell Dowell as the preferred tenderer for the EPC contract of the interim LNG terminal project.
The offshore LNG terminal project will allow FGEN LNG to bring in a floating storage regasification unit on an interim basis and thus accelerate its ability to introduce LNG to the Philippines as early as third quarter of 2022 to serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN LNG affiliates.
Russell said the tender process for the selection of the FRSU was ongoing. The three FSRU bidders are BW Gas Limited, Dynagas Ltd. and Hoegh LNG Asia Pte. Ltd.
An FSRU is an LNG carrier that is capable of storing LNG and which has an onboard regasification plant capable of returning LNG into a gaseous state and then supplying it directly into the gas network.
Russell said First Gen would construct the interim offshore LNG terminal by modifying the existing liquid fuel facilities built several years ago. “That will accommodate an FSRU or floating storage and regasification unit that we will lease to receive, store and regasify LNG,” he said.
For more information visit www.firstgen.com.ph