FGEN terminal completion on track

BY LENIE LECTURA – OCTOBER 17, 2022
from Business Mirror

EXECUTIVES of FGEN LNG Corp. (FGEN LNG), a wholly-owned subsidiary of First Gen Corp. (First Gen), said last Wednesday that the construction of the firm’s Interim Offshore LNG Receiving Terminal is on track for completion.

“Construction part is substantially complete; what needs to be completed is the implementation of all control systems, which is not big in volume,” said FGen Chief Commercial Officer Jon Russell. “But imagine a car that is built; but, without a control systems, it won’t run.”

Russell added they “need to make sure we do that and that will start to happen at the end of the year into first quarter of next year.”

FGEN LNG is developing the interim offshore LNG receiving terminal at the First Gen Clean Energy Complex in Batangas City. This is slated for completion by the end of the first quarter of 2023.

“This project is very complicated because tech is complicated. We have a multi-disciplinary team composed of Filipino and foreigners. It takes a lot of people to do this,” Russell said.

In parallel, FGEN LNG and BW LNG, a unit of Bermuda-based maritime company BW Group, are building a floating storage regasification unit to provide LNG storage and regasification services to First Gen’s existing and planned gas-fired power plants and other third-party terminal users.

FGEN LNG said that the project will play a critical role in ensuring the energy security of the Luzon grid, particularly as the indigenous Malampaya natural gas resource continues to decline.

First Gen is a leading gas power generation company with approximately 2,000 MW in operating gas plants.