First Gen Corporation (FGEN) has awarded Trafigura Pte Ltd the delivery of one liquefied natural gas cargo after a successful international tender.
In a disclosure, FGEN stated that Trafigura will supply one LNG cargo of approximately 154,500 cubic meters (m3) within the required delivery window of November 25 to December 25, 2023.
The shipment will be delivered on a delivered ex ship (DES) basis to FGEN’s wholly-owned subsidiary, First Gen Singapore Pte. Ltd.
FGEN said that the LNG cargo provided by Trafigura will be delivered by an LNG carrier, which will be unloaded into the storage tanks of the BW Batangas floating storage and regasification unit currently berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City.
The LNG will be utilized by FGEN’s existing gas-fired power plants, also located in the FGCEC. FGEN has a portfolio of four existing gas-fired power plants with a combined capacity of 2,017 MW that have been supplied for many years with gas from the Malampaya field.
FGEN LNG has constructed its interim offshore LNG terminal project and executed a 5-year time charter party for the charter of the BW Batangas, which will provide LNG storage and regasification services as part of the project.
The FGEN LNG Terminal aims to accelerate the ability to introduce LNG to the Philippines, serving the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN’s affiliates.
The terminal is seen to play a critical role in ensuring the country’s energy security.”
