First Gen Corp. said it has been developing a liquefied natural gas terminal for the past five years to ensure its 2,000-megawatt operating gas plants will have LNG to replace Malampaya gas when it runs out.
The company said the development would pave the way for the continued use of gas and the building of more LNG infrastructure in the Philippines.
“First Gen believes LNG represents the fuel of the future as it is competitive, clean and flexible and complements renewables and storage technologies,” it said in statement.
“First Gen confirms that our executives have had meetings with PNOC (Philippine national Oil Co.) senior management in which we have discussed the possibility of
working together to develop an LNG infrastructure,” it added.