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30 April 2003
BG Group plc announced today that Train 3 of the Atlantic LNG US$1.1 billion two-train expansion project in Trinidad & Tobago has successfully entered start-up operations. The expansion project began construction in 2000.
With this expansion, liquefied natural gas (LNG) output capacity from the Point Fortin facility has increased to nearly 10 million tonnes per annum (mtpa), moving the facility up in the world LNG industry rankings, by export volume, to fifth place after Algeria, Indonesia, Qatar and Malaysia.
BG Trinidad and Tobago-operated gas fields, located off the east and north coasts of Trinidad, provide 50 per cent of the supply into Train 2 and 25 per cent of the supply into Train 3. BG equity LNG will supply the USA market. Trains 2 and 3 each have a 3.4 mtpa production capacity.
Martin Houston, Executive Vice President, BG Group plc, said: “BG Group and partners have, yet again, delivered a major project in Trinidad & Tobago developing indigenous reserves for export markets. For BG, this is another significant achievement in our growing liquefied natural gas portfolio, on schedule and to budget. We look forward to completing our discussions on a fourth train with the Government of Trinidad & Tobago to build the largest of the trains so far in the country.”
Peter Dranfield, President BG Trinidad and Tobago, said: “The Engineering, Construction, Commissioning and Operations staff involved in this major expansion project have been outstanding. The timely completion of this project underlines Atlantic LNG's capabilities to work with a large number of contractors, excel at cost effective project delivery and realise efficient operations. These achievements have set a world class benchmark and we seek to replicate this with a fourth train.”
The Government of Trinidad and Tobago approved the two-train expansion project in February 2000. Equity members in Atlantic LNG Trains 2 and 3 are BG Group (32.5 per cent), BP (42.5 per cent) and Repsol (25 per cent).
Equity shareholders in Train 1, which began production in April 1999, are BG Group (26 per cent), BP (34 per cent), Repsol (20 per cent), Tractebel (10 per cent) and National Gas Company (10 per cent). Production is exported to markets in the USA, Puerto Rico and Spain.
Notes to Editors
BG Group's LNG Business
LNG comprises one of BG Group's core business segments. As a pioneer of LNG transportation from Lake Charles, Louisiana to Canvey Island, England in 1959, BG continues to be at the forefront of LNG activity and is involved in six developing projects across four continents.
In Trinidad & Tobago, the development of a fourth 5.2 mtpa train is under discussion with the Government of Trinidad & Tobago.
BG and partners are moving forward with the development of the US$1.45 billion Egyptian LNG scheme at Idku, east of Alexandria. An agreement for the sale of a 3.6 mtpa first train was signed with Gaz de France for import into the French market over a 20-year period. First production is scheduled for the third quarter of 2005 and output from a proposed second train, of the same size, is at an advanced stage of marketing.
In November 2002, BG received approval to construct and operate a US$330 million, 6 mtpa LNG import terminal in Brindisi Port, on the south-east coast of Italy. Construction is expected to begin in early 2004 for operations to start in 2007.
In Indonesia, BG and partners in the Tanguuh project signed a Sale and Purchase Agreement for 2.6 mtpa of LNG for the proposed Chinese LNG terminal, Fujian, for a 25-year period. Marketing of the remaining output from Tangguh continues to a number of customers.
BG is the sole developer of the Pipavav LNG importation project on the west coast of India. This scheme envisages regasification for sales of 2.65 mtpa rising to a possible 5.3 mtpa from 2007 into the Indian market. A FEED study and the pre-qualification of the Engineering, Procurement and Construction (EPC) contract have been completed.
In Bolivia, BG and partners have formed Pacific LNG which is seeking to produce and sell gas from the Margarita field to the west coast of the USA. The project envisages a liquefaction plant on the Pacific coast.
In January 2002, BG took 80 per cent of the capacity at North America's largest operating import terminal, Lake Charles in Louisiana, which has the capability to receive, store, vaporise and deliver an average daily send-out of 630 million standard cubic feet of gas. From September 2005, BG will take 100 per cent of the capacity.
BG has access to a fleet of LNG ships including the two it owns which are on long-term charter in the Atlantic Ocean and Mediterranean Sea. It has charters on four other ships which are used on long and short-term trades; is expecting delivery of two new chartered ships in 2003 and 2004; and has options for a further five new build ships.
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