Tokyo Gas signs Joint Development Agreement for LNG receiving terminal in the Philippines
December 5, 2018
Tokyo Gas signed a joint development agreement regarding the construction and operation of an LNG receiving terminal in the Philippines with First Gen Corporation. Tokyo gas mentioned that this was the first energy infrastructure development activity that it participated to the Philippines. The project aims to construct and operate the first LNG receiving terminal in the Philippines to introduce LNG as an alternative supply source to the indigenous gas field which is expected to decrease in production and to be depleted in the near future.
First Gen is an independent power producer, subsidiary of Lopez Group, one of the conglomerates in the Philippines. It is the largest natural gas consumer and owns approximately 60 percent of gas-fired power plants in the nation.
Edited from Tokyo Gas press release.
