First Gen Corp. said its subsidiary, FGen LNG Corp. is set to begin the commercial operation of its liquefied natural gas (LNG) import terminal in Batangas before the end of the year.
Francis Giles Puno, First Gen president and chief operating officer, said both the floating storage and regasification unit of the import terminal are undergoing commissioning works.
The expectation is that all LNG import terminal components are in place by the mid-October and start running the facility.
“So, what is left to figure out is how to supply the market LNG is usually pricier during the winter. Preferably, it will be more affordable during summer months,” Puno said.
First Gen has combined capacity of 3,500 megawatts (MW) from a portfolio using natural gas, geothermal, hydroelectric, wind and solar power technologies.
First Gen plans spending as much as $20 billion until 2030 to add up to 9,640 MW capacity and achieve total portfolio of around 13,000 MW by then.
