First Gen eyes more LNG projects

LOPEZ-LED First Gen Corp. is eyeing to build additional liquefied natural gas (LNG) terminals outside Batangas to meet rising power demand, a company official said.

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“I think that’s part of the plan, as long as there’s demand,” First Gen Senior Vice-President and Chief Revenue Officer Vincent Martin C. Villegas said on the sidelines of the BusinessWorld Economic Forum last week.

However, Mr. Villegas said there must be sufficient market demand to justify the construction of more LNG terminals.

“You have to create the market to make sure that there’s a market. So, today, we already have two LNG terminals. So, we have to fully utilize that, and then you go to the next terminal,” he said.