4th Jan 2007 08:00
BG GROUP plc04 January 2007 Media Information 4th January 2007 BG Signs Up for Two New Liquefied Natural Gas (LNG) Ships BG Group plc today announced that it has signed an agreement with Samsung HeavyIndustries Co Limited of South Korea for the delivery of two new-build dual-fueldiesel electric (DFDE) LNG ships. The new ships will each have a cargo capacityof 170,000 cubic-metres (m3) and are scheduled to be delivered in 2010. Martin Houston, Executive Vice President and Managing Director, North America,Caribbean and Global LNG, said: "Today's agreement demonstrates our commitment to build and operate LNG carriersof the highest standard. I am delighted that we will continue our long-termrelationship with Samsung. These two new vessels will replace some of ourchartered ships, will improve our fleet's performance and provide us withincreased flexibility in meeting the growing demand by our customers for cleanburning natural gas." Samsung will build, equip, launch and deliver the ships using the GTT Mark IIImembrane cargo containment system. The specification will be a new design of170,000 m3 (cargo capacity) and will provide maximum flexibility for access intore-gasification terminals around the world. The design incorporates hullmodifications and DFDE propulsion technology, which is expected to substantiallyimprove operating efficiency and reduce air emissions compared to conventionalsteam turbine technology. An additional four vessels, each with a cargo capacity of 145,000 m3, arecurrently under construction at Samsung Heavy Industries, Geoje Island Shipyard,South Korea. These ships are scheduled for delivery in 2007 and early 2008. 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 2005. TheCompany does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Notes to Editors: BG Group plc is a global natural gas business. Active on five continents in over25 countries, it operates four business segments - Exploration and Production,LNG, Transmission and Distribution and Power. A full breakdown of BG's LNG shipping, liquefaction and regasification portfoliocan be found at: http://www.bg-group.com/international/LNG_table_06.htm Enquiries: Communications +44 (0) 118 929 2462 Out of hours media mobile: +44 (0) 791 718 5707 Investor Relations Chris Lloyd/Helen Parris/ Siobhan Andrews +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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