LNG

June 23 (LNGJ) - The “BW Batangas”, the second floating storage and regasification unit (FSRU) chartered for a company in the Philippines for an LNG import terminal, has arrived at Batangas Bay, according to shipping data, for an LNG import project with commercial start-up before September.

   The vessel with 162,500 cubic metres of capacity, the renamed “BW Paris”, has been chartered from BW LNG of Singapore by a venture led by Filipino power company First Gen Corp., which has also tendered for a commissioning cargo. The first Philippines floating LNG project started earlier in 2023 and is suppling another local power company SMC Global Power Holdings. This project involves the LNG floating storage unit “Ish” as part of a venture developed by Atlantic, Gulf & Pacific Company near Batangas Bay.

The Government of the Philippines said it was still open to global energy company investors interested in exploration and production ventures in its offshore waters for domestic natural gas to supplement LNG imports amid the extension of the gas-to-power agreement linked to the Malampaya gas field.

Excelerate Energy, the US floating liquefied natural gas terminal developer, has received permission to proceed with its Luzon LNG import project in the Bay of Batangas in the Philippines.

Tokyo Gas has confirmed the signing of an agreement with Philippines power company First Gen Corp. to jointly develop a liquefied natural gas import terminal hub project in Batangas province to meet the gas-fired power needs of the capital Manila and the surrounding region.