By
Lenie Lectura January 8, 2018
FIRST Gen Corp. (First
Gen) said over the weekend it has submitted a proposal requesting the
Philippine National Oil Co. (PNOC) to participate in the firm’s liquefied
natural gas (LNG) project.
Last week the PNOC said
it received a total of seven proposals from foreign and local firms to
participate in the government’s LNG project. The PNOC cited First Gen as one of
the companies that submitted proposals.
Other proposals
received by the PNOC came from Energy World Corp., PT. Jaya Samudra
Karunia and PT PGN LNG Indonesia/PT Bosowa Corporindo with their local partner
MOF Corp., Kepco, Lloyds Energy and the China National Offshore Oil Co.
The Department of
Energy has tasked PNOC to develop an integrated LNG hub with storage,
liquefaction, regasification and distribution facility, as well as a reserve
initial power-plant capacity of 200 megawatts (MW).
While First Gen
admitted to having submitted a proposal to the PNOC, the proposal, however, was
for the “PNOC to participate in First Gen’s onshore storage
and regasification terminal within the First Gen Clean Energy Complex in
Batangas City,” which houses the 1,000-MW Santa Rita, 500-MW San Lorenzo,
414-MW San Gabriel and 97-MW Avion gas plants.
It reiterated that
First Gen is open to the participation of both local and foreign partners in
its LNG terminal project and continues to hold exploratory discussions with a
number of entities.
The $1-billion LNG
terminal will have a capacity of 5 million tons per annum to support the
demands of First Gen’s existing gas-fired power plants and other potential
third-party users.
“First Gen has started
development work for the LNG terminal as early as 2012 and is well positioned
to be ready for operations prior to the termination of the Gas Sale and
Purchase Agreements,” it said, adding that it will make an announcement when it
reaches a definitive agreement with any partner.
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