1st Gen Corp., a Lopez-led firm, delays 5th LNG cargo due to Malampaya field sufficiency; awaits LNG cost recovery approvals.
First Gen Corp., a Lopez-led company, has delayed the delivery of its fifth LNG cargo due to sufficient supply from Malampaya field, the country's only natural gas provider. The company is awaiting regulatory approvals for LNG cost recovery before proceeding. First Gen's LNG terminal aims to serve the natural gas requirements of existing and future gas-fired power plants of third parties and affiliates.
July 07, 2024
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