First Gen Corp. said it is looking for liquefied natural gas (LNG) suppliers to deliver fuel to its power plants to secure its operations during the crucial summer months.
The company said in a message to reporters over the weekend the supply will be utilized by its four gas-fired power plants in Batangas.
However, the company did not provide the amount of LNG involved in this tender for one cargo that was issued last month to interested bidders.
“This is to support operations of our plants for the coming months. To recap, [we have] four gas plants with total combined capacity of 2,017 megawatts (MW). Gas fired plants can ramp up quickly to augment supply,” the company said.
Prior to this, First Gen’s last LNG tender was for a delivery received in October 2024 involving 154,500 cubic meters of fuel under a delivered ex-ship basis at Subic Bay Freeport in Zambales that was unloaded into the storage tanks of the BW Batangas floating storage regasification unit.
First Gen, through its subsidiary, FGEN LNG Corp. has constructed an interim offshore LNG terminal and executed a five-year time charter party for BW Batangas.
The FGEN LNG terminal aims 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.
Japanese firm Tokyo Gas Co. Ltd. acquired a 20 percent equity ownership in FGEN LNG Corp. last month.
First Gen, as a group, owns and operates 3,668 MW of combined capacity from 32 power facilities utilizing renewable energy technologies, such as solar, wind, hydro and geothermal as well as from natural gas-fired power plants.
The company aims to grow its total capacity to 13,000 MW in the next five years and spend as much as $20 billion until 2030.
