5th Sep 2005 09:00
BG GROUP plc05 September 2005 Media Information 5 September 2005 BG Group and its partners announce first LNG from Egyptian LNG Train 2 BG Group and its partners, PETRONAS, the Egyptian General Petroleum Corporation(EGPC) and the Egyptian Natural Gas Holding Company (EGAS) today announced thestart-up of Egyptian LNG Train 2, some nine months ahead of schedule. Earlycargoes from the new facility will be lifted later this year by BG Group andAsean LNG Trading Company Limited (ALTCO), a subsidiary of PETRONAS. Speaking today, Stuart Fysh, BG Group's Managing Director for the MediterraneanBasin and Africa, said: "We are delighted to announce the start-up of ELNG Train2, some nine months ahead of schedule. This, along with the early delivery ofTrain 1 by more than three months, sets a new benchmark for the delivery of agreen-field LNG project. "It also represents a significant milestone in the development of the Egyptiannatural gas industry and an outstanding achievement for BG Group and theEgyptian Ministry of Petroleum. The early delivery of this project will createsubstantial additional value for Egypt, BG and our partners," Fysh said. The entire 3.6 million tonne per annum (mtpa) output of the second train hasbeen sold to BG Gas Marketing under a 20 year sales and purchase agreement. There are matters discussed in this media information that are forward lookingstatements. Such statements are only predictions and actual events or resultsmay differ materially. For a discussion of important factors which could causeactual results to differ from the forward looking statements, refer to theCompany's annual report and accounts for the year ended 31 December 2004. Notes to Editors: BG Group is a global natural gas business. Active on five continents in over 20countries, it operates four business segments - Exploration & Production,Liquefied Natural Gas, Transmission & Distribution and Power Generation. BG is an important participant in the development of the gas business in Egypt,with both upstream and downstream investments. It has interests in two gasproducing areas offshore the Nile Delta - the Rosetta fields and the West DeltaDeep Marine (WDDM) Concession. The first WDDM fields - Scarab and Saffron -started production in March 2003. The Simian Sienna field commenced productionon 15 April 2005 and the Sapphire field in WDDM is currently being commissionedto supply the $1.9 billion Egyptian LNG project. In July 2005, BG Egypt signed two new concession agreements for the El Manzalaand El Burg Offshore Areas. BG holds a 100 per cent interest in the El ManzalaOffshore Concession Area and a 70 per cent interest in the El Burg ConcessionArea with PETRONAS holding the remaining 30 per cent. BG is the operator of bothconcessions. The first cargo from Egyptian LNG Train 1 was lifted on 29 May 2005 by ALTCO, asubsidiary of PETRONAS. Partners in Egyptian LNG Train 1 include; BG Group(35.5%), PETRONAS (35.5%), the Egyptian Natural Gas Holding Company (12.0%), theEgyptian General Petroleum Corporation (12.0%) and Gaz de France (5.0%). Enquiries: Communications +44 (0) 118 929 3717 Out of hours media mobile: +44 (0) 791 718 5707Investor Relations +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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