The Philippines’ Board of Investments, or BOI, said it had granted First Gas Pipeline Corp, or FGPC, tax and other incentives for its natural gas transmission project.

FGPC plans to build a three-kilometre pipeline to transmit natural gas from its off-take point to its initial customer United Coconut Chemicals, or Cocochem, the largest oleochemical company in the Philippines with an annual production capacity of 100,000 metric tonnes of coconut oil.
FGPC, a unit of First Gas Holdings Corp, will spend PHP178.4 million to build the pipeline, which will transport 8,000 standard cubic meters of natural gas a day.
The natural gas will displace some 17 million litres of bunker oil and 3.5 million litres of diesel consumed by Cocochem a year.
The pipeline will eventually be opened to other customers who want to shift to natural gas.
FGPC’s pipeline project will entitle the company to a four-year income tax holiday and other financial perks. First Gas Holdings is a unit of listed First Philippine Holdings Corp.