First Gen awards Trafigura LNG cargo supply deal
Trafigura will supply one LNG cargo of approximately 154,500 cubic meter, or m3, within the delivery window of 25 November to 25 December.
Trafigura will supply one LNG cargo of approximately 154,500 cubic meter, or m3, within the delivery window of 25 November to 25 December.
The Lopez group-led First Gen Corp., or FGEN, has concluded its international tender for a liquefied natural gas, or LNG, cargo by awarding a contract to Singapore-based Trafigura Pte. Ltd., or Trafigura.
Trafigura will supply one LNG cargo of approximately 154,500 cubic meter, or m3, within the delivery window of 25 November to 25 December, on a Delivered Ex Ship, or DES, basis to FGEN's wholly owned subsidiary First Gen Singapore Pte. Ltd., or FGEN Singapore.
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 that is currently berthed at the First Gen Clean Energy Complex. A First Gen statement read.
Gas to supply power generators
The LNG will be utilized by FGEN's existing gas-fired power plants also located in the FGCEC.
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FGEN has a portfolio of four gas-fired power plants with a combined capacity of 2,017 megawatt, or MW that have been supplied for many years with natural gas.
FGEN LNG Corp. has constructed its interim offshore LNG Terminal Project and executed a five-year Time Charter Party for the charter of the BW Batangas, which will provide LNG storage and regasification services as part of the project.
The FGEN LNG 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.
FGEN LNG Terminal is expected to play a critical role in ensuring the energy security of the Luzon grid and the Philippines.
