FGEN LNG Corp. (FGEN LNG), a subsidiary of Lopez-owned First Gen Corp., on Friday said it has selected two preferred tenderers to continue on to the next stage of its binding tender process for the charter of a floating storage regasification unit (FSRU) for the firm’s interim offshore liquefied natural gas (LNG) terminal project in Batangas.

In a disclosure to the Philippine Stock Exchange, First Gen named the two preferred tenderers — BW Gas Limited and Hoegh LNG Asia Pte Ltd., which have been informed that FGEN LNG intends to select the FSRU provider by the end of March 2021.

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