First Gen seeks partners for $1-B LNG terminal

TO secure supply for its expanding portfolio of gas-fired power plants, Lopez-led First Gen Corp has started scouting for local and foreign partners for the construction of its $1-billion liquefied natural gas (LNG) import terminal in Batangas.

First Gen president Francis Giles Puno said they are already studying an option to build their own terminal, hiring top advisers to look at the sites and oversee the selection process.