First Gen Corp. has opened another round of tender for the supply of imported liquefied natural gas (LNG) fuel for delivery on October 14 to 18 this year.
The company issued an advisory yesterday which said the tender will involve 154,500 cubic meters of LNG.
First Gen said bids are welcome from LNG suppliers for the supply of the cargo on a delivered ex-ship basis at Subic Bay Freeport in Zambales which will be unloaded into the storage tanks of the BW Batangas floating storage regasification unit.
The LNG will then be utilized by First Gen’s existing gas-fired power plants with a combined capacity of 2,017 megawatts (MW) also located in Batangas.
First Gen said awarding of the selected bidder is expected to be made on September 16.
Previous winners of First Gen’s LNG tender include TG Global Trading Co., Shell Eastern LNG, Trafigura, TotalEnergies Gas and Power Asia Private Ltd. as well as with CNOOC Gas and Power Trading & Marketing Ltd.
First Gen, through its subsidiary, FGEN LNG Corp. has constructed an interim offshore LNG terminal project and executed a five-year time charter party for BW Batangas.
The FGEN LNG terminal is seen to 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.
