LNG

First Gen Corp., the leading power company in the Philippines and a new liquefied natural gas importer, has awarded a cargo tender to Chinese major China National Offshore Oil.

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.

JERA Co. Inc., the largest Japanese utility and liquefied natural gas importer, has decided to acquire a 27 percent stake in Aboitiz Power Corp. for $1.58 billion to partner with the major utility in the Philippines as the Asian nation builds out LNG and gas-fired power projects.

Höegh LNG Holdings, the Norwegian shipping company acquired in a takeover by Norwegian interests and a unit of US investment bank Morgan Stanley, posted a wider loss in the first quarter of 2021 as it reported setbacks in its tenders for projects.

Royal Dutch Shell has signed an agreement to exit the depleting Malampaya gas field in the Philippines as the southeast Asian nation advances with several plans for LNG import projects to fuel gas-fired power projects.

The Philippines LNG project at Batangas Bay on the Filipino main island of Luzon has awarded construction and storage tank contracts to the world’s oldest tank erector, Chicago Bridge and Iron (CB&I).

First Gen Corp., the largest provider of gas-fired power in the Philippines, has chosen Australia-based McConnell Dowell as its engineering contractor for an interim floating import terminal at Batangas City to help guarantee the Asian nation's energy security as a major domestic gas field depletes.

Tokyo Gas, the Japanese utility and energy company with a liquefied  natural gas portfolio of 14 million tonnes per annum and a fleet of 10 ships and four import terminals, has launched a new company brand in Japan and is planning to launch a separate LNG trading division to boost profits.