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First Gen Corp. is advancing its liquefied natural gas (LNG) project with a tender between three qualified and potential suppliers for the freight of a floating storage regasification unit (FSRU) or vessel.
The company’s subsidiary, FGEN LNG Corp., issued a binding invitation to submit offers to BW Gas Ltd., GasLog LNG Services Ltd. and Hoegh LNG Asia Pte Ltd., all three passed a non-binding prequalification process.
FGEN LNG is developing a temporary offshore LNG terminal at the First Gen clean energy complex in the city of Batangas.
An FSRU is a LNG carrier that can store LNG and has a regasification plant on board that restores natural gas from a liquefied state to a gaseous state. The fuel is then supplied directly to a gas network.
The three companies that were invited to tender “are very experienced players in the international LNG industry and we are delighted that they have expressed great interest in providing a suitable FSRU for the benefit of the project and the Philippines,” said the commercial head of First Gen said Officer Jonathan Russell in a statement.
“We expect it to be a difficult choice, but the (tender) process is designed to allow FGEN LNG to select the most suitable FSRU and FSRU supplier to meet the needs of the project in order to deliver a safe, reliable and competitive supply of LNG. to our customers, ”Russell said.
Last September, the group led by López received a permit from the Department of Energy for the floating LNG terminal. First Gen expects the facility to begin commercial operations in the third quarter of 2022.
FGEN LNG selected Australia-based McConnell Dowell Philippines as the preferred bidder for the contract to build the terminal.
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