FGEN LNG Corporation and BW LNG announced on Sept. 7 their intention to rename to “BW Batangas” the floating storage regasification unit (FSRU) that will be used for FGEN LNG’s interim offshore LNG receiving terminal project.
In April 2021, FGEN LNG and BW LNG executed a fiveyear time charter party for the charter of “BW Paris.” The name change to BW Batangas will be carried out before the FSRU’s deployment to the First Gen Clean Energy Complex by the end of Q2 or early Q3 2023.
“First Gen was keen to demonstrate its dedication to Batangas province and Batangas City, which have generously hosted our facilities for more than 20 years, and approached BW LNG to ask them if they would be willing to rename the FSRU as the BW Batangas. We are thankful that BW LNG readily agreed to rename our FSRU as the BW Batangas before being deployed in the Philippines. This change is intended to acknowledge the historical, current and future support given by the province of Batangas and by our hosts Batangas City and to underscore our commitment to supporting the energy security of the Philippines,” said Jonathan Russell, executive vice president and chief commercial officer of First Gen.
“It is also intended as a tribute to all of our colleagues from Batangas in recognition of all of their dedication and hard work,” Russell added.
FGEN LNG expects to complete the construction of the project by the end of Q1 2023.
“I applaud First Gen’s efforts in developing its interim offshore LNG receiving terminal located at the First Gen Clean Energy Complex in Batangas City. I would like to thank First Gen for showing their further support and commitment to Batangas province by renaming the FSRU that they will be chartering from BW LNG as the BW Batangas, and I salute BW LNG for showing their support to Batangas by readily agreeing to do so,” said Batangas Gov. Hermilando Mandanas.
“BW LNG is proud to be working closely with FGEN LNG to ensure the timely delivery of the interim offshore LNG receiving terminal. We are honored that our FSRU will serve a critical role in meeting the energy needs of Batangas, Luzon and the Philippines at large. The naming of BW Batangas aims to affirm and strengthen BW Group’s commitment to the Philippines,” said Akbar Sha, head of gas solutions at BW LNG.