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Tokyo Gas & First Gen sign to build LNG terminal in Philippines

Gasoil News - Published on Fri, 07 Dec 2018

Image Source: BusinessWorld
Reuters reported that Tokyo Gas Co has signed a joint development agreement with Philippines' First Gen Corp to build and operate a liquefied natural gas (LNG) receiving terminal in the Philippines, its first foray into energy infrastructure development in Southeast Asian country. A Tokyo Gas spokesman declined to comment on the investment amount

The Philippines in October had short-listed three different groups of companies, including the Tokyo Gas partnership with First Gen, to build and operate its first LNG import terminal

Tokyo Gas said in a statement that First Gen, which owns about 60 percent of the gas-fired power plants in the Philippines, is the biggest natural gas user in the country.

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Posted By : Joykumar Irom on Fri, 07 Dec 2018
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