16th Dec 2005 07:05
BG GROUP plc16 December 2005 MediaInformation 16 December 2005 BG Group and partners bring Atlantic LNG Train 4 into production BG Group plc and its partners today announced the start up of Atlantic LNG's(ALNG) Train 4 liquefaction project at the Port Fortin facility in Trinidad &Tobago. With a Liquefied Natural Gas (LNG) output capacity of 5.2 million metric tonnesper annum (mtpa), Train 4 is one of the world's largest liquefaction facilities. The completion of the $1.2bn project, which received Government approval in June2003, brings the facility's 4 train output capacity to over 15 mtpa and enhancesTrinidad & Tobago's status as the major exporter of LNG to the United Statesmarket. Martin Houston, BG Group Executive Vice President North America, Caribbean andGlobal LNG, said: "BG Group and its partners have, yet again, delivered a major project inTrinidad & Tobago both ahead of schedule and to budget. The start up of Train 4will enhance benefits from the country's indigenous hydrocarbon reserves. "BG Group has been a committed partner in developing Trinidad & Tobago's naturalresources over the last 15 years and this is set to continue. We are a keypartner in all four LNG trains now in operation and an active participant in theEast and North Coast offshore areas as well as the Central Block onshore area.We continue to work closely with the Government to examine the potential forfurther expansion of Trinidad & Tobago's oil and gas reserves." There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to the Company's annual report and accounts for the year ended 31 December 2004. Notes to Editors: BG Group plc is a global natural gas business. Active on five continents in over20 countries, it operates four business segments - Exploration and Production,LNG, Transmission and Distribution and Power. The Atlantic LNG Company of Trinidad & Tobago, in which BG Group is ashareholder, was established in 1995 to liquefy natural gas for export. Thecompany operates the four LNG Trains in operation at Port Fortin. For more infoon ALNG - www.atlanticlng.com The Train 4 partners are BG Group (28.89%), BP (37.78%), Repsol (22.22%) and NGC(11.11%). Train 4 output capacity is 5.2 mtpa from 800 mscfd. LNG produced from the BG Group liquefaction capacity in Train 4 will be soldfree on board (FOB) under long-term contract to BG Gas Marketing Ltd (BGGM) intothe US market via the Lake Charles importation terminal in Louisiana, USA. Train 4 is a fully integrated project for BG Group, involving the production andliquefaction of gas in Trinidad & Tobago, the shipping of LNG to Lake Charlesand the subsequent regasification for onward sale into the US market. ALNG Train 1, which came into operation in April 1999, produces 3.1 mtpa (BGGroup - 26% shareholder). Trains 2 and 3, which became operational in August2002 and April 2003 respectively, produce an average of 6.7 mtpa (BG Group -32.5% shareholder). Enquiries: Communications +44 (0) 118 929 2462 Out of hours media mobile: +44 (0) 791 718 5707 Investor Relations Chris Lloyd/Helen Parris/ Kate Bingham +44 (0) 118 929 3025 Website: www.bg-group.com - ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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