Page 27 - First Gen News Today

First Gen Corp. is conducting a tender to secure a liquefied natural gas supply for its interim offshore LNG terminal in Batangas, which is set to be completed in the fourth quarter.

Lopez-led First Gen Corporation is seeking tenders from prospective international suppliers of liquefied natural gas (LNG) for its gas requirements that will cover the period from 2023 to 2027. “The response of the market so far - although we haven’t selected suppliers yet - is very, very positi

Lopez-led First Gen Corporation has earmarked $550-million capital expenditure (capex) to bankroll its ongoing projects, with the bulk going into into expansion ventures of subsidiary Energy Development Corporation. During the company’s annual stockholders meeting, Emmanuel P. Singson, chief fin

Lopez-led First Gen Corp. has earmarked a capital expenditure of $810 million until 2023, bulk of which will be used to complete its liquefied natural gas terminal and geothermal projects, as well as expand its natural gas and hydropower platform.

Only two liquefied natural gas import terminals are expected to start operating in the second half to resolve the Malampaya gas supply restriction—one of which faces a slight delay due to late delivery of equipment, according to an official of the Department of Energy.

First Gen Corp. posted a lower recurring net income of P3 billion in the first quarter from P3.8 billion a year ago, mainly due to the lower contribution of its gas and geothermal units. The Lopez-led firm said in a statement that the natural gas platform incurred a 27-percent decrease…

Lopez-led First Gen Corp. reported a 24 percent drop in recurring net earnings to P3 billion in the first quarter due to lower contributions from its geothermal and gas platforms.

The country’s transition towards cleaner energy is already taking shape, with two capital-intensive gas projects already in ‘aggressive’ stages of development. There are six liquefied natural gas (LNG) projects that have secured the green light of the Department of Energy (DOE). These are FGEN LNG Corp.’s Interim FRSU and LNG…

The Department of Energy (DOE) indicated that out of the seven liquefied natural gas (LNG) projects with government permits, only two gas import facilities may actually reach completion while four others are experiencing delays and another one already dropped from the race. In a briefing with th

By having mentors who nurtured his potential, Steve White says he learned to see mistakes and setbacks as opportunities to pivot and grow.