First Gen unit seeks permit to build offshore LNG terminal

FGEN LNG Corp., a wholly-owned subsidiary of First Gen Corp., on Thursday submitted an application to the Energy Department for a permit to build an interim offshore liquefied natural gas terminal in Batangas City.

FGEN LNG plans to construct, expand, rehabilitate and modify the facility as defined in and required by the Philippine Downstream Natural Gas Regulation and in compliance with the conditions of the notice to proceed granted by the Energy Department for its LNG project in March 2019.

FGEN LNG said it could commence construction of the project as early as May to receive LNG as early as the first quarter of 2022 once the PCERM was granted by the department.

The company’s application covers construction works necessary to modify First Gen’s existing liquid fuel jetty that will enable it to become multiple-use, allowing the receipt of large and small-scale LNG vessels and liquid fuel vessels and build an adjunct onshore gas receiving facility.

“Once completed, the project will allow First Gen to be able to bring in a floating storage and regasification unit on an interim basis and thus accelerate FGEN LNG’s ability to introduce LNG to the Philippines,” First Gen said in a disclosure to the stock exchange.

An FSRU is an LNG storage ship that has an onboard regasification plant capable of returning LNG back into a gaseous state.

The company said the FSRU could readily serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN LNG affiliates and bring the country closer to its goal of energy security, expanded energy access and low-carbon future.

Topics: FGEN LNG Corp. , First Gen Corp. , liquefied natural gas terminal , offshore LNG terminal
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