FGEN gas hub gains DoE nod
FGEN LNG constructed the terminal to provide LNG storage and regasification services, ensuring a stable energy supply
FGEN LNG constructed the terminal to provide LNG storage and regasification services, ensuring a stable energy supply
FGEN LNG Corp. (FGEN LNG), a subsidiary of the Lopez Family-led First Gen Corp., has received the permit to operate and maintain (POM) for its Interim Offshore LNG Terminal in Batangas City.
The terminal, expected to enhance energy security and stabilize electricity costs for consumers, will provide a more resilient power supply as the country transitions toward renewable energy.
In a stock exchange disclosure on Monday, FGEN said the POM, issued by the Department of Energy (DoE) and valid for 25 years, authorizes the terminal’s operation for the company’s use.
The facility, comprising a multi-purpose jetty and an onshore gas receiving facility, represents the initial phase of the FGEN LNG Terminal.
It was previously declared an “Energy Project of National Significance” under Executive Order 30 by the Energy Investment Coordination Council.
”We are thankful to Secretary Raphael P. M. Lotilla and the Downstream Natural Gas Review and Evaluation Committee for the support and guidance provided throughout this process, and for issuing the POM,” FGEN LNG president Giles Puno said.
Aligned with the DoE’s Philippine Energy Plan 2023-2050, the project positions natural gas as a vital “bridge fuel” to support intermittent renewable energy sources.
FGEN LNG constructed the terminal to provide LNG storage and regasification services, ensuring a stable energy supply. The facility will also support FGEN’s four existing gas-fired power plants, with a combined capacity of more than 2,000 megawatts, previously reliant on declining Malampaya gas reserves.
LNG plays a critical role in the country’s energy sustainability, with the DoE targeting a 26 percent share in the power generation mix by 2040.
As a cleaner alternative to traditional fossil fuels, LNG reduces greenhouse gas emissions, combats climate change and improves air quality — solidifying its role as a transition fuel to a renewable energy future.
