NEWS

Operational: Hoegh LNG’s 170,000-cubic metre floating storage and regasification unit IndependencePhoto: HOEGH LNG

Dynagas vying with BW and Hoegh for coveted FSRU prize as GasLog falls by the wayside.

By Amanda Bettersby

First Gen LNG (FGEN LNG) has selected a trio of preferred contractors to advance to the next phase of the binding tender process for a leased floating storage and regasification unit for its Batangas liquefied natural gas import project in the Philippines.

After an initial evaluation, progressing to the next stage are BW Gas, Hoegh LNG and Dynagas, FGEN LNG confirmed on Monday.

The move comes as somewhat as a surprise with Athens-headquartered player Dynagas replacing GasLog as one of the three earlier shortlisted FSRU providers.

FGEN intends to use the FSRU to import LNG into the Philippines as early as the third quarter of 2022. Volumes will serve existing and future third party gas-fired power plants and those of FGEN LNG affiliates.

Newcomer to the tender process Dynagas has two high specification FSRUs under construction at Hudong Shipyard in China.

Australia-based contractor McConnell Dowell, a subsidiary of Aveng, has been selected for the engineering, procurement and construction contract for the related facilities for the Batangas FSRU project.

McConnell Dowell’s workscope involves the construction works necessary to modify the existing jetty and build an adjacent onshore gas receiving facility.

First Gen earlier said that construction work on its Batangas LNG import project could start before year-end after it had put in place necessary protocols including those needed to protect its workforce and locals from the coronavirus.

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First Gen and sole 20% partner Japan’s Tokyo Gas plan to deploy a leased FSRU at Batangas on the island of Luzon as an interim import solution ahead of a likely future onshore receiving and regasification terminal.

Source: UpStream