FGEN LNG and Prime Infra form alliance on lease of Batangas LNG terminal

FGEN LNG Corporation (FGEN LNG) and Prime Infrastructure Capital, Inc. (Prime Infra) announced today the signing of a Memorandum of Understanding for the proposed lease and operation of the Liquefied Natural Gas storage and regasificaton terminal (LNG Terminal) being developed by FGEN LNG within the First Gen Clean Energy Complex in Batangas City. No definitive agreements have been signed by the parties.

The LNG Terminal has been officially certified by the Department of Energy (DOE) as an Energy Project of National Significance and granted a Certificate of Energy Project of National Significance on 5 August 2019.

The Philippine government has determined natural gas as a comple…

Keep on reading: FGEN LNG and Prime Infra form alliance on lease of Batangas LNG terminal