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Thursday, June 13, 2024

First Gen awards LNG supply contract to TotalEnergies

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First Gen Corp. said Thursday it awarded a contract to TotalEnergies Gas & Power Asia Private Ltd. (TEGPA) for the supply of liquefied natural gas (LNG) cargo following a successful international tender.

First Gen said in a disclosure to the Philippine Stock Exchange TEGPA would supply one LNG cargo of about 154,500 cubic meter with delivery by early February 2024 to wholly-owned subsidiary First Gen Singapore Pte. Ltd (FGEN Singapore).

It said the LNG cargo to be provided by TEGPA would be delivered by an LNG carrier and would be unloaded into the storage tanks of the BW Batangas FSRU that is berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City.

First Gen’s gas-fired power plants will use the LNG delivery to ensures security of the country’s power supply. This is the third LNG delivery contracted by First Gen.

The company last month awarded a contract to Trafigura Pte Ltd (Trafigura), a global supplier of commodities, for the delivery of LNG cargo.

Trafigura would supply LNG cargo of about 154,500 cubic meters from Nov. 25 to Dec. 25, 2023 to FGEN’s wholly-owned subsidiary First Gen Singapore.

First Gen also awarded an LNG supply contract to Shell Eastern LNG for its first LNG cargo in July.

Shell Eastern LNG supplied one LNG cargo of about 154,500 cubic meters within the required delivery window of Aus. 1 to Sept. 30, 202 to First Gen Singapore.

First Gen has a portfolio of four existing gas-fired power plants with a combined capacity of 2,017 MW that have been supplied for many years with gas from the Malampaya field, an indigenous offshore gasfield.

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