Energy & Mining

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.

First Gen Corp. is securing as much as P60 billion from a combination loan and internally generated funds to finance the drilling of as many as 40 wells and extract steam for its geothermal projects.

The National Grid Corporation of the Philippines (NGCP) on Sunday bared contingency measures in place should Taal volcano activity in Batangas disrupt transmission facilities.

State-run Philippine National Oil Company-Exploration Corp. (PNOC-EC) projected a high 80 percent success rate in prospecting for new wells at the Malampaya service contract area off the northwestern coast of Palawan.

The government is compiling data on utility poles and facilities of electric cooperatives (ECs) around the country whose geological position potentially conflicts with the road-widening program of the Department of Public Works and Highways (DPWH).