Lopez-led First Gen Corp. is planning to order three more liquefied natural gas cargoes for its natural gas power plants in the remaining months of the year, an executive said over the weekend.
First Gen president and chief operating officer Francis Giles Puno said the additional LNG orders will depend on demand.
“For the summer, the turnaround was pretty fast. We are still assessing but maybe before the year ends, maybe another three cargoes. Depending on consumption, right? Usually we time it. If the tank is full, it’s also hard. It’s hard to bring in a vessel and then you can’t accommodate the whole cargo,” Puno said.
The company is set to receive 130,000 cubic meters of LNG cargo this week, its eighth delivery from its 10th tender.
“It’s actually coming soon…May 20 is the docking of the vessel. It’s about 130,000 cubic meters … This is coming from the Middle East and Asia,” Puno said.
Puno said they continue to prioritize the use of indigenous gas from the Malampaya gas project in northwest Palawan “but LNG also is able to fill up the demand that’s needed, because Malampaya cannot do it alone.”
