First Gen LNG project a go | Inquirer Business
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First Gen LNG project a go

First Gen Corp. is pushing through with efforts to build its own liquefied natural gas (LNG) facility in Batangas even as it vies to be part of a planned, state-firm-led, $2-billion project.

The Lopez group company said in a public presentation its own project will cost an estimated $1 billion, with a final investment decision to be made by 2019.

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“We continue to advance our development of an LNG terminal to secure fuel supply [for] our four gas [fired]) plants,” First Gen said.

These assets include the 1,000-MW Sta. Rita complex, 500-MW San Lorenzo facility, 414-MW San Gabriel plant and the 97-MW Avion plant—all in Batangas.

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Groundwork for the planned terminal—with a storage capacity of up to 5 million tons per year (mtpa)—is underway at the FGEN Clean Energy Complex in Batangas.

First Gen said that, so far, it has completed for the terminal the front-end engineering design as well as early site works.

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TAGS: First Gen Corp., Liquefied Natural Gas (LNG)
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