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BG Group And Partners In Dragon LNG Sign Agreements
The agreements confirm the ownership of the terminal (BG Group 50%, Petronas 30% and Petroplus 20%), as well as the 20 year arrangements governing the use of capacity rights (BG Group 50%, Petronas 50%) allowing BG Group and Petronas to each throughput 3 billion cubic metres (106 billion cubic feet) of gas per year, from around 2.2 million tonnes of LNG per year. The agreements also trigger the award of the EPC contract. Preparatory works commenced in October, and permanent work will start on site at the beginning of next year, with a view to completion in the fourth quarter of 2007. Details of the award are being announced separately today by Dragon LNG. Find out more about BG Group / Dragon LNG Search for more BG Group News Added to site on 02/12/04 |
BG Group and partners in Dragon LNG - Petroplus and Petronas - have signed agreements to develop a £250m LNG importation terminal at Milford Haven in Wales.