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First Gen says Philippine govt greenlights LNG terminal project

MANILA,  (Reuters) - Philippine power producer First Gen Corp said on Friday it has learned that the Department of Energy has approved its application for a Notice to Proceed (NTP) for the construction of its FGEN Batangas LNG Terminal Project.

First Gen, which operates four power plants with a combined capacity of 2,000 megawatts running on the Philippines’ Malampaya natural gas, said it has yet to received a formal notice from the DOE on the issuance of NTP.

First Gen, with Tokyo Gas Co Ltd as its LNG partner, is seeking to ensure availability of imported gas for its power plants ahead of Malampaya’s depletion possibly by 2024 at the earliest.
First Gen, in a regulatory filing, said its LNG terminal will serve the natural gas requirements of existing and future gas-fired power plants of third parties and its affiliates. (Reporting by Enrico dela Cruz; Editing by Rashmi Aich)

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


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