Natural gas terminal takes chunk of First Gen capex

First Gen Corp. said on Wednesday its planned liquefied natural gas (LNG) terminal would get the lion’s share of its capital expenditures (capex) over the next two to three years.

During First Gen’s virtual annual stockholders’ meeting, Francis Giles Puno, its president and chief operating officer, said the terminal, with an estimated project cost of $200 million to $400 million, would be “main driver” of the Lopez-led firm’s capex program.