A wholly owned unit of First Gen Corp. is exploring the possibility of developing small-scale liquefied natural gas solutions (ssLNG), a nascent industry that boasts significant potential.
FGen LNG Corp. plans to introduce its ssLNG to the First Industrial Park, which is just 50 kilometers away from the site of its planned offshore LNG terminal.
Located in the Calabarzon industrial region south of Manila, FPIP could receive LNG via trucks and specialized insulated containers supplied from FGEN LNG’s interim offshore LNG terminal.
The project will allow FGEN LNG to bring in a floating storage and regasification unit (FSRU) on an interim basis and thus accelerate FGEN LNG’s ability to introduce LNG to the Philippines as early as third quarter of 2022 to serve the natural gas requirements of existing and future gas-fired power plants of third parties and affiliates.
FGen said the use of ssLNG technology could enable the delivery (in the form of LNG) and use as natural gas (once regasified) in locations in which developing a traditional gas pipeline network is not feasible.
As such, ssLNG may provide a considerable opportunity for the Philippines because of its geographical conditions, with many outlying locations and islands in which electric power is provided by thermal power generation using diesel and other petroleum products.
“We are excited to democratize the use of natural gas in the Philippines using new technology to create small-scale LNG opportunities in the Philippines by taking LNG supplied in bulk in large LNG carriers to the project and delivering it in small quantities to new industrial, commercial, and remote customers that have so far been unable to access natural gas due to the large investment and undertaking required to construct traditional gas infrastructure, such as transmission pipelines,” said Jonathan C. Russell, EVP and COO of First Gen.