Tokyo Gas and First Gen to develop an LNG receiving terminal in the Philippines
Tokyo Gas Co. has signed Joint Development Agreement for the construction and operation of an LNG receiving terminal with First Gen Corporation in the Republic of the Philippines. This is the first energy infrastructure development activity in the Philippines that Tokyo Gas has participated in.
The project is for the construction and operation of the first LNG receiving terminal in the Philippines from Tokyo Gas and First Gen. The terminal is being developed in order to introduce LNG as an alternative source of the indigenous gas field which is expected to decrease in production and to be depleted in the near future.
First Gen is a power generation company which is a subsidiary of Lopez Group, one of the conglomerates in the Philippines. First Gen is the largest natural gas consumer and owns approximately 60 percent of gas-fired power plants in the nation.
Tokyo Gas received Japan’s first ever LNG cargo on November 4, 1969, and the year of 2019 will mark the 50th anniversary year.
For more information visit www.tokyo-gas.co.jp
6th December 2018