8 months First Gen starts building $1-B LNG import terminal MB |Biz
By Myrna M. Velasco BATANGAS CITY – With an investment of US$1.0 billion to be spread over 3-4 years, the 5.0 million tons per annum (mtpa) liquefied natural gas (LNG) import terminal of Lopez-owned First Gen Corporation will consequentially mark the rebirth of the country’s gas sector post the commercial phase of the Malampaya field. Following the FGen LNG project’s groundbreaking yesterday, First Gen Chairman and CEO Federico R. Lopez asserted that “we’d like to keep moving ahead for the country.” For the company, that is about setting gold stamp and making sure “that natural gas which is the ... more