The Philippine energy company First Gen has announced the commissioning of its 5 Mt/year LNG Terminal located in Batangas, Luzon Island (northern Philippines). In July 2023, First Gen announced that the Batangas terminal floating storage regasification unit (FSRU) had been berthed at the LNG terminal. First Gen awarded a contract to Shell Eastern Trading to deliver the first LNG cargo (154,500 cm) for the terminal.
The LNG to be purchased by First Gen will be utilised by the company’s gas-fired power plants at its complex in Batangas City. First Gen owns four gas-fired power plants with a combined capacity of 2 GW.
The Philippines inaugurated another LNG terminal in 2023, also located in Batangas. It was built by Atlantic Gulf & Pacific (AG&P) and Osaka Gas and consists of a 3 Mt/year FSRU and an onshore terminal. Due to the depletion of its domestic gas resources, notably of the Malampaya gas field, which is expected to run dry between 2024 and 2027, the Philippines has multiplied LNG projects in the previous years and is now planning to develop seven LNG projects across the country.