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First Gen to spend $530 million for capex

ABS-CBN News
Posted at May 20 01:32 PM

First Gen confirmed on Thursday that it expects to spend $530 million or around P25.4 billion in capital expenditures this year.   Read more »

First Gen says unit signs 5-year charter deal for its LNG terminal project

ABS-CBN News
Posted at Apr 06 12:37 PM

FGEN LNG Corp has executed a 5-year deal with BW FSRU IV Pte Ltd for the charter of a floating storage regasification unit for its interim offshore liquefied natural gas terminal project, First Gen Corp said Monday.  Read more »

First Gen to begin LNG terminal construction in April

Reuters
Posted at Mar 18 12:15 PM

Philippine power producer First Gen Corp FGEN.PS said on Thursday the construction of its LNG terminal, initially estimated to cost $274 million, will begin next month Read more »

First Gen says LNG projects pushing through despite drop in Jan-Sept recurring income

ABS-CBN News
Posted at Nov 12 12:49 PM

Clean energy provider First Gen Corporation (First Gen) is pushing through with its liquefied natural gas (LNG) development despite a decline in recurring net income from January to September this year, the company said.   Read more »

First Gen unit eyes developing small-scale LNG solutions in PH

ABS-CBN News
Updated as of Oct 30 10:26 AM

First Gen Corp said Friday its wholly-owned subsidiary FGEN LNG Corp was eyeing the development of small-scale liquified natural gas (ssLNG) solutions at the First Philippine Industrial Park. Read more »

Batangas Bay LNG import terminal set to go 'online' by Q2 2022, says proponent

ABS-CBN News
Updated as of Oct 29 02:08 PM

US-based Excelerate Energy said Thursday the country's first open access LNG import terminal is set to go online by the second quarter of 2022 as the Texas-based firm said it was in the "final phases" to commence construction of the Filipinas LNG Gateway project. Read more »

San Miguel says power unit taps Singapore bond market to raise funds for LNG, other projects

ABS-CBN News
Posted at Oct 12 12:01 PM

San Miguel Corp said Monday its power unit was tapping the Singapore bond market to raise funds for capital expenditures and to fund its LNG project.   Read more »

Tokyo Gas to join Philippines offshore LNG terminal project

Kyodo News
Posted at Oct 08 01:35 PM

The largest Japanese gas supplier said Wednesday it will take on 20 percent of the $300 million project, including terminal construction and operation for importing LNG as well as repair of an existing jetty and installation of gas-receiving equipment in an area in Batangas city, some 100 kilometers south of Manila. Read more »

First Gen says 'open' to new partners as it accelerates LNG project

Jessica Fenol, ABS-CBN News
Posted at Jul 29 02:11 PM

First Gen Corp on Wednesday said it is open to work with more partners as it focuses on accelerating its liquefied natural gas (LNG) project in the country. Read more »

Cruise industry takes first 'green' steps

Agence France-Presse
Posted at Nov 29 12:56 PM

Most cruise ships run on heavy fuel, which is cheap but full of harmful substances -- such as sulphur oxide, nitrogen oxide (NOx) and fine particles -- that increase the risk of respiratory and cardiovascular disease. Read more »

Phoenix says talks with CNOOC for LNG venture continue

ABS-CBN News
Posted at Sep 02 11:14 AM

Davao-based businessman Dennis Uy's oil firm issued a statement denying a Manila Bulletin report that CNOOC was "ghosting" the joint venture Tanglawan Philippine LNG Inc. Read more »

First Gen, Tokyo Gas break ground on LNG project

ABS-CBN News
Posted at May 28 03:32 PM

FGEN LNG Corp's LNG Terminal project is "construction ready" following the completion of significant pre-development work, the company said in a statement.  Read more »

Dennis Uy's Chelsea Holdings, PNOC mull liquefied natural gas joint venture

ABS-CBN News
Posted at May 07 09:44 PM

The logistics company of Davao-based businessman Dennis Uy is looking to form a joint venture with the government-owned Philippine National Oil Company for a new liquefied natural gas (LNG) facility in Mabini, Batangas.  Read more »

Phoenix officials tour China model for Batangas LNG project

ABS-CBN News
Posted at Apr 16 10:30 AM

In a disclosure to the stock exchange, Phoenix Petroleum said its officials along with its Chinese counterpart toured around the facility while "checking" CNOOC's technical expertise in building and operating a running gas plant. Read more »

First Gen, Tokyo Gas secure PH gov't approval for LNG project

ABS-CBN News and Kyodo News
Posted at Mar 12 02:53 PM

First Gen Corp said it was waiting for formal notice on the Department of Energy's decision allowing it to proceed with a natural gas project with Tokyo Gas Co. Read more »

Phoenix Petroleum, China's CNOOC seek partnership with Philippine National Oil Company

ABS-CBN News
Updated as of Feb 14 02:14 PM

Tanglawan is "looking into" signing a Memorandum of Understanding with the PNOC, businessman Dennis Uy's Phoenix Petroleum told the stock exchange. Read more »

Phoenix Petroleum eyes expansion in Asia Pacific region

ABS-CBN News
Posted at Feb 11 03:52 PM

The company also plans to acquire a 40 percent stake in Tanglawan Philippine LNG Inc and a 60 percent stake in Liwanag Philippine Property Management Inc.  Read more »

Indonesia's Pertamina eyes $1-B investment in PH gas industry: DTI

ABS-CBN News
Posted at Jan 30 08:40 PM

Indonesia's PT Pertamina is planning to invest around US$1 billion in the Philippines, the Department of Trade and Industry (DTI) chief said Wednesday. Read more »

Phoenix Petroleum, China’s CNOOC acquire gov’t nod for LNG terminal project

ABS-CBN News
Posted at Jan 11 06:11 PM

Tanglawan Philippine LNG, which will help support the energy demand in Luzon, received the notice from the Department of Energy, Phoenix said in a disclosure to the stock exchange.  Read more »

First Gen partners with Tokyo Gas for LNG project

ABS-CBN News
Posted at Dec 05 03:23 PM

Under the preliminary deal, Tokyo Gas will take a 20-percent participating interest in the FGEN LNG project and provide support for development to arrive at a final investment decision, First Gen told the stock exchange. Read more »