‘The pending delivery was the result of a recent international tender for LNG cargo awarded to TotalEnergies Gas & Power Asia Private Ltd. or TEGPA; the LNG will be utilized by FGEN’s existing gas-fired power plants located in the First Gen Clean Energy Complex in Batangas City.’
Lopez-led renewable energy company First Gen Corp., or FGEN, in partnership with a global multi-energy company, is expecting to receive the delivery of supply for one of its liquefied natural gas or LNG cargo in Batangas by February next year.
FGEN announced that the pending delivery was the result of a recent international tender for an LNG cargo awarded to TotalEnergies Gas & Power Asia Private Ltd. or TEGPA.
TEGPA, which has a presence in more than 130 countries, will supply one LNG cargo of approximately 154,500 m3 with delivery in early February 2024 on a Delivered Ex Ship basis to First Gen Singapore Pte. Ltd., a wholly-owned subsidiary of FGEN.
TEGPA will deliver the LNG cargo via an LNG carrier, which will then unload the cargo into the storage tanks of the BW Batangas FSRU berthed at the First Gen Clean Energy Complex or FGCEC in Batangas City.
The LNG will be utilized by FGEN's existing gas-fired power plants also located in the FGCEC.
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Gas-fired power plants
Presently, FGEN has four existing gas-fired power plants with a combined capacity of 2,017 megawatts or MW supplied by the natural gas extracted from the Malampaya field.
Meanwhile, FGEN LNG Corp. completed its Interim Offshore LNG Terminal Project and signed a five-year Time Charter Party for the BW Batangas, which will provide LNG storage and regasification services as part of the project.
The FGEN LNG Terminal will expedite the ability to introduce LNG to the Philippines, to serve the natural gas needs of existing and future gas-fired power plants of third parties and FGEN's affiliates — essential to ensuring the energy security of the country.
