First Gen awards new LNG contract

MANILA, Philippines — Lopez-led First Gen Corp. has awarded the contract for a new shipment of the company’s liquefied natural gas (LNG) supply requirement to Trafigura Pte. Ltd.

In a stock exchange filing, First Gen said it has concluded its international tender for an LNG cargo.

Trafigura will supply one LNG cargo of approximately 154,500 cubic meters within the required delivery window of Nov. 25 to Dec. 25   on a delivered ex-ship basis to First Gen’s wholly owned subsidiary, First Gen Singapore Pte. Ltd.

According to First Gen, 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 regasification unit (FSRU) that is currently berthed at the First Gen Clean Energy Complex in Batangas City.

The LNG will be utilized by First Gen’s existing gas-fired power plants, also located in the clean energy complex.

First Gen currently has a portfolio of four existing gas-fired power plants with a combined capacity of 2,017 megawatts (MW) that have been supplied for many years with gas from the Malampaya field, an indigenous offshore gas field.

Last July, the company awarded the contract for the initial shipment of the company’s LNG supply requirement to Shell Eastern Trading (Pte.) Ltd., also following a successful international tender.