5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

First Gen expects LNG delivery this month

by
April 8, 2025
in Stock
0
First Gen expects LNG delivery this month
REUTERS

LOPEZ-LED First Gen Corp. expects a new liquefied natural gas (LNG) cargo delivery this month to meet the supply requirements of its gas-fired power plants in Batangas.

The company said it recently completed a tender for its seventh LNG cargo, which is due to arrive in April, according to its annual report.

“The IOT (interim offshore LNG terminal) project will enable the company to utilize both Malampaya gas and LNG for the 2,000 MW (megawatts) of power plants located at the FGEN Clean Energy Complex,” the company said.

Last year, First Gen completed the tender and receipt of six LNG cargoes following the completion of the terminal in 2023.

First Gen operates four existing gas-fired power plants with a combined capacity of 2,017 MW, located at the First Gen Clean Energy Complex in Batangas. These plants have been supplied for many years with gas from the Malampaya gas field.

In 2023, its subsidiary, FGEN LNG Corp., completed the interim offshore LNG terminal and entered into a five-year time charter party for its floating storage and regasification vessel, BW Batangas.

Earlier this year, FGEN LNG received a permit from the Department of Energy to operate and maintain its interim offshore LNG terminal for 25 years.

Currently, First Gen has a total of 3,668 MW of combined capacity from its portfolio of plants that run on geothermal, wind, hydro, solar energy, and natural gas.

The company aims to expand its portfolio to 13,000 MW by 2030.

For 2024, First Gen reported an attributable net income of $252.9 million, down 19% due to lower contributions from its green energy business.

On the local bourse, shares in the company declined by 1.23% to close at P16 each on Tuesday. — Sheldeen Joy Talavera

Previous Post

Yeskah’s Eco-friendly Shop makes money from paper

Next Post

Yearly Job Gains by Industry (February 2025 vs February 2024, in thousands)

Next Post
Yearly Job Gains by Industry (February 2025 vs February 2024, in thousands)

Yearly Job Gains by Industry (February 2025 vs February 2024, in thousands)

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Jeremy Clarkson slams regulators as ‘most expensive’ Hawkstone beer advert is banned

    Jeremy Clarkson slams regulators as ‘most expensive’ Hawkstone beer advert is banned

    July 14, 2025
    How the law shapes the reality for motorcyclists after serious injuries

    How the law shapes the reality for motorcyclists after serious injuries

    July 14, 2025
    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    July 14, 2025
    30 manufacturing projects in the works

    30 manufacturing projects in the works

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.