First GenFirst Gen Corporation concluded its international tender for an LNG cargo by awarding a contract to Trafigura Pte. Ltd. Trafigura will supply one LNG cargo of approximately 154,500 cubic meters within the required delivery window of Nov. 25, 2023 to Dec. 25, 2023, on a delivered ex-ship or DES basis to First Gen’s wholly-owned subsidiary, First Gen Singapore Pte. Ltd.
The LNG cargo to be 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 vessel berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City. The LNG will be utilized by First Gen’s existing gas-fired power plants also located in the FGCEC.
First Gen has a portfolio of four existing gas-fired power plants with a combined capacity of 2,017 megawatts that have been supplied for many years with gas from the Malampaya field, an indigenous offshore gas field.
FGEN LNG Corporation has constructed its interim offshore LNG terminal project and executed a five-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 will accelerate the ability to introduce LNG to the Philippines, to serve the natural gas requirements of existing and future gas-fired power plants of third parties and First Gen’s affiliates.