BG Group & Gaz de France Ink LNG Supply Deal

BG Group has entered into an agreement with Gaz de France for the purchase of LNG at the rate of approximately 2 cargoes per month from July 2005 until the end of 2006. The volumes are diversions of cargoes originally purchased by Gaz de France from Egyptian LNG Train 1 (ELNG).

It is planned that the LNG cargoes will be delivered to BG Group's North American marketing business at Lake Charles and Elba Island, but there is also flexibility to deliver to other terminals.

Martin Houston, BG Executive Vice President and Managing Director, North America, Caribbean and Global LNG, said: "This agreement once again demonstrates BG's ability to access LNG arbitrage opportunities to take advantage of positive market conditions to provide added value to both BG and Gaz de France."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours