Philippines-based FGEN LNG Corp, a wholly owned subsidiary of First Gen Corp, has received a permit from the Philippine Energy department to operate and maintain its interim Batangas offshore LNG terminal.
This permit allows the project to operate for its own use and is valid for 25 years, First Gen said yesterday.
The project, in partnership with Japan’s Tokyo Gas, consists of a multi-purpose jetty and an onshore gas receiving facility, which represents the initial phase of the FGEN LNG terminal that was certified by the Department of Energy (DoE) as an ‘energy project of national significance’.
“We are thankful to Secretary Raphael Lotilla and the Downstream Natural Gas Review and Evaluation Committee for the support and guidance provided throughout this process, and for issuing the POM,” First Gen President and COO, Francis Giles B Puno, said.
“Last year, the project has enabled the introduction of LNG to supplement Malampaya to ensure energy security, especially during the past summer,” he added.
In 2023, the company completed the LNG terminal situated at the First Gen Clean Energy Complex and executed a five-year timecharter agreement for the FSRU, ‘BW Batangas’.
First Gen utilises LNG for its existing gas-fired power plants with a combined capacity of 2,017 MW, which have been supplied with gas from the Malampaya field for many years.
“In line with the thrust of the DoE’s Philippine Energy Plan 2023/2050, the project will support the introduction of more natural gas plant generation that will serve as the bridge fuel and offer flexible power generation to support the introduction of more intermittent RE (renewable energy) in the country,” the company said in a statement.
