FIRST GEN Corp. spent $300 million for the construction of an import terminal for LNG

FIRST GEN Corp. placed capital spending on its proposed floating storage regasification unit (FSRU) at $300 million or a fraction of its budget for the construction of an import terminal for liquefied natural gas (LNG), its president said.

Ang] benefit lang is our $1.3 billion[ down] Capex invested roughly[ to] $300 million ang para sa (for the) FSRU," First General President and Chief Operating Officer Francis ....