FGen, SMC talks roll on $1-B LNG project 71 SHARES Share it! First Gen Chairman and Chief Executive Officer Federico R. Lopez divulged that he himself already had discussions with San Miguel Corporation (SMC) President and COO Ramon S. Ang. He added the pitch on their preliminary talks would be to let San Miguel know that “if they want to be part of it (LNG terminal project), that’s welcome. “Definitely, scale is so important – the scale of the off-take (gas volume purchase), so Ilijan and San Miguel are a key component to that,” the First Gen top executive stressed. How much can the market absorb?”He emphasized “the one thing about LNG terminal is that it is very, very sensitive to off-take volume.

Source: Manila Bulletin September 24, 2018 13:52 UTC