First Gen Corp. is actively seeking liquefied natural gas (LNG) suppliers to secure fuel for its four gas-fired power plants in Batangas as it prepares for the critical hot months. The company issued a tender in February for one LNG cargo to ensure the uninterrupted operation of its facilities, which collectively provide a total capacity of 2,017 megawatts (MW).
Although First Gen did not disclose the specific amount of LNG sought, it emphasized that the fuel would be vital to support its plant operations in the coming months. The gas-fired plants, known for their ability to ramp up quickly, are an essential part of the company’s strategy to meet growing energy demands during peak periods.
This new tender follows a previous LNG delivery received in October 2024, involving 154,500 cubic meters, which was unloaded at the BW Batangas floating storage regasification unit in Subic Bay Freeport.
Through subsidiary, FGEN LNG Corp., First Gen has also advanced the construction of an interim offshore LNG terminal. The terminal, which includes a five-year time charter, is expected to bolster the country’s LNG infrastructure, catering to the natural gas needs of both First Gen’s plants and third-party facilities.
The move is seen as a key step in First Gen’s ongoing growth. The company, which owns and operates 3,668 MW of combined capacity from a diverse portfolio of renewable energy sources and natural gas plants, aims to expand its capacity to 13,000 MW by 2030. To achieve this, First Gen plans to invest up to $20 billion over the next five years.
Recently, Tokyo Gas Co. Ltd., a Japanese firm, acquired a 20 percent stake in FGEN LNG, signaling a strong international partnership to support the Philippines’ evolving energy sector.
