Philippines LNG news

Prime Infrastructure Capital Inc. has reached the financial close of its P50-billion transaction to acquire and operate the gas assets of clean energy provider First Gen Corp. in Batangas City.

An analysis of market and government data by Reuters shows the Philippines is on track for an annual decline in coal-fired electricity output for the first time in nearly two decades, driven by rising LNG-fired power generation.

Prime Infrastructure Capital, Inc. has entered into a strategic partnership to acquire a 60% equity stake in First Gen Corp.’s gas business.

LNGPH have signed an LNG sale and purchase agreement with Vitol Asia Pte Ltd, a global energy and commodities company.

PETRONAS and Mitsubishi Corp. have strengthened their 46-year partnership with the signing of new agreements.

First Gen Corp. has awarded a contract to Tokyo Gas for the delivery of one LNG cargo of to be delivered in July 2024.

First Gen Corp. has received a delivery of ~130 000 m3 of LNG from CNOOC Gas and Power Trading & Marketing Limited.

Morrison Foerster has represented Tokyo Gas Co., Ltd on its entry into definitive agreements for the acquisition of a 20% stake in an LNG import and regasification terminal project in Batangas province.

Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.

Oil and gas industry exhibits resilience as contract value sustains despite 22% drop in contract volume during 2023, reveals GlobalData.