First generation unit aims to develop small-scale LNG solutions in PH

MANILA – First Gen Corp said on Friday that its wholly-owned subsidiary FGEN LNG Corp was considering developing small-scale liquefied natural gas (ssLNG) solutions at the First Philippine Industrial Park.

The park can receive LNG through trucks and insulated containers supplied from FGEN LNG’s interim offshore LNG terminal project, which will be located at the First Generation Clean Energy Complex in the city of Batangas, the company told the stock market.

With the project, the group can incorporate a floating storage and regasification unit (FSRY) on an interim basis, accelerating its ability to introduce LNG in the third quarter of 2022.

FGen LNG said such a method would provide a “considerable opportunity” for the Philippines due to its geographic conditions.

FGen LNG will focus on the development of small-scale LNG solutions in 2 phases. First is the evaluation of the introduction of small-scale LNG in the industrial park and identifying a site that can host reception, storage and regasification facilities, he said.

The second phase involves bringing LNG to other islands in the country using small-scale carriers, he added.

“We are excited to democratize the use of natural gas in the Philippines using new technology to create small-scale LNG opportunities in the Philippines by bringing LNG supplied in bulk in large LNG carriers to the Project and delivering it in small quantities to new industrialists, commercial customers and remote locations that have so far been unable to access natural gas due to the large investment and commitment required to build traditional gas infrastructure such as transmission pipelines, “First Gen Executive Vice
President and Chief Commercial Officer Jonathan Russell said.

First Gen Corp is a clean energy provider whose power plants run on geothermal, hydro, wind and solar energy, which are clean and renewable energy sources, as well as natural gas, the cleanest fossil fuel.

news.abs-cbn.com is the official news website of ABS-CBN Corp., which is part of the Lopez Group of companies.