Philippines power company First Gen Corp has named BW Gas, Dynagas and Hoegh LNG as the three companies it has selected to compete on the charter of a floating storage and regasification unit for a planned terminal project.

Subsidiary FGEN LNG said it had completed an initial evaluation and selected the three to continue to the next stage of its binding tender process for the FSRU that will serve FGEN LNG’s Interim Offshore LNG Terminal in Batangas City, Philippines.