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  • Tokyo Gas and First Gen sign Joint Development regarding the construction and operation of the LNG receiving terminal in Republic of the Philippines
    édité le 06/12/2018

Tokyo Gas and First Gen sign Joint Development regarding the construction and operation of the LNG receiving terminal in Republic of the Philippines
Tokyo Gas Co., Ltd. (President: Takashi Uchida; hereafter “Tokyo Gas”) signed Joint Development Agreement regarding the construction and operation of LNG receiving terminal (hereafter “the Project”) with First Gen Corporation (President/COO: Giles B. Puno; hereafter “First Gen”) based in Republic of the Philippines on December 5th, 2018.

This is the first energy infrastructure development activity that Tokyo Gas participates in the Philippines.

The Project aims to construct and operate the first LNG receiving terminal in the Philippines jointly by Tokyo Gas and First Gen in order to introduce LNG as an alternative source of the indigenous gas field which is expected to decrease in production and to be depleted in the near future.

First Gen is a power generation company which is a subsidiary of Lopez Group, one of the conglomerates in the Philippines. First Gen is the largest natural gas consumer and owns approximately 60% of gas-fired power plants in the nation.

Tokyo Gas received Japan’s first ever LNG cargo on November 4th, 1969, and the year of 2019 will mark the 50th anniversary year. The Tokyo Gas Group will continue to contribute to energy solutions for customers doing business in Southeast Asia and North America and toward building local energy infrastructure in the regions by utilizing its unique technologies and expertise in various energy businesses. The Tokyo Gas Group is also striving to develop the natural-gas value chain in each region through its partnerships with local energy companies.

About Tokyo Gas

Tokyo Gas Co., Ltd. is Japan's largest provider of city gas, serving more than 11 million customers for over 130 years, primarily in the Tokyo metropolitan area and surrounding Kanto region. We will respond to the needs of customers, society, and the next age while working to contribute to the realization of a prosperous, fulfilling way of life, competitive domestic industries, and an environment-friendly society. At the same time, recognizing our responsibility toward society, we will maintain a state of harmony with the communities in which we operate and aim to achieve sustainable growth for the Group by ensuring that we conduct management in a transparent and organized manner.

About First Gen

First Gen develops and operates clean and renewable power plants as an independent power producer. The company owns and operates natural gas-fired, hydroelectric and geothermal power plants, and generates power through wind and solar power generating facilities.

Origine : Communiqué Tokyo Gas

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