Tokyo Gas Company and First Gen Corporation have signed a joint development agreement for the construction and operation of an LNG terminal in the Philippines.
The agreement concerns the construction and operation of the first LNG receiving terminal in the Philippines jointly by both companies to introduce LNG as an alternative source of the indigenous gas field, which is expected to decrease in production and be depleted in the near future.
Tokyo Gas received Japan's first ever LNG cargo in 1969 and it will continue to contribute to energy solutions for customers doing business in Southeast Asia and North America.
The company is also striving to develop the natural gas value chain in each region through its partnerships with local energy companies.
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