The 162,000-cbm FSRU BW Batangas, owned by BW LNG and chartered by First Gen, received the cargo from the 2019-built 173,400-cbm British Sponsor, which is on charter to BP.
First Gen’s executive VP and chief commercial officer, Jonathan Russell, also announced the arrival of the BP LNG cargo in a social media post on Monday.
“From Mozambique’s Coral South FLNG to the First Gen Clean Energy Complex in Batangas Bay, our first LNG cargo from BP — and the Philippines’ first-ever delivery from Africa — has completed its voyage,” Russell said.
The FSRU-based facility also received its first LNG cargoes from PetroChina International and Qatar this year.
Earlier this year, Japan’s city gas supplier and LNG importer, Tokyo Gas, acquired a 20 percent stake in First Gen LNG, a unit of First Gen and the operator of the FSRU-based terminal in Batangas.
Back in 2020, First Gen, controlled by the Lopez family, signed a joint cooperation deal with Tokyo Gas for the Batangas LNG import terminal, and this deal included Tokyo Gas buying a 20 percent stake in the project.
In May 2024, FGEN LNG and Tokyo Gas executed a shareholders’ agreement and share subscription agreement.
BW Batangas is berthed at the First Gen Clean Energy Complex (FGCEC) in Batangas City.
First Gen uses regasified LNG to fuel its gas-fired power plants located in the complex.
Prime Infrastructure deal cleared
First Gen also said in a stock exchange announcement on October 24 that the Philippine Competition Commission has cleared the proposed acquisition by Prime Infrastructure Capital of a 60 percent interest in First Gen’s gas business.
Earlier this year, First Gen entered into the deal with Prime Infrastructure Capital.
Upon completion of the transaction, Prime Infra will own 60 percent of the issued and outstanding capital stock of five power plants, all located in Batangas City.
The company has a portfolio of four gas-fired power plants with a combined capacity of 2,017 MW that have been supplied for many years with gas from the Malampaya offshore gas field.
These include the 1000 megawatt (MW) Santa Rita power plant, the 500 MW San Lorenzo power plant, the 450 MW San Gabriel power plant, the 97 MW Avion power plant, and the proposed 1200 MW Santa Maria power plant.
The transaction also includes the interim offshore LNG terminal.
Prime Infra will own 60 percent of the Batangas gas plants, with First Gen owning 40 percent.
Meanwhile, Prime Infra will hold 60 percent in the LNG import terminal, while First Gen and Japan’s Tokyo Gas will each hold 20 percent.
