14 July 2009
BG Group delivers first Dragon LNG cargo
BG Group today announced the delivery of the first cargo of liquefied natural gas (LNG) to the Dragon LNG import terminal in Milford Haven.
The cargo, on board the Methane Lydon Volney from BG Group's global LNG fleet, will be used to commission the LNG regasification terminal, in which BG Group holds a 50% interest. In addition, BG Group has an agreement to use up to 50% of the terminal's send out capacity for the next 20 years.
Mark Carne, Executive Vice President and Managing Director for Europe and Central Asia at BG Group, said: "Dragon LNG will make a significant addition to the UK's energy security. It enables the UK to diversify further its energy supplies by providing increased capacity to import natural gas from a range of global sources. BG Group is proud to be both a major shareholder and a shipper in the terminal as well as the supplier of the first commissioning cargo."
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Notes to Editors:
BG Group
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
For further information visit: www.bg-group.com
Dragon LNG
Dragon LNG is the company that has built and will operate the 4.4 million tonnes per annum (mtpa) Dragon LNG terminal in Milford Haven, Wales. The equity partners in Dragon LNG are BG Group (50%), Petronas (30%) and 4Gas (20%). BG Group (50%) and Petronas (50%) also have agreements governing the capacity rights for a 20 year term at Dragon LNG, allowing them each to throughput 2.2 mtpa.
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Contact:
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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 BG Group's annual report and accounts for the year ended 31 December 2008. BG Group 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.