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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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.
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October 25, 2018 08:30 AM CDT