"The first production from the facility was pumped to the storage tanks last week," McMahon said, adding that it will take a "couple of months" to reach full capacity of 3.4 million tons a year. Train 3 started operations about three months ahead of schedule, and increases output capacity from the Point Fortin facility to about 10 million tons a year (mt/y).
BG's gas fields, located off the east and north coasts of Trinidad, provide 50% of supplies into Train 2 and 25% of supplies for Train 3. Trains 2 and 3 each have production capacity of 3.4mt/y. LNG production from BG capacity in Trains 2 and 3 will be sold to El Paso Merchant Energy under a long-term contract to import into the Elba Island receiving terminal in Georgia. Meanwhile, ALNG is continuing discussions with Trinidad & Tobago's new government about a proposed fourth train, scheduled to start operations in 2006, McMahon said. Train 4 would produce 5.5mt/y, though LNG sales contracts will not be signed until the government approves the project.
Equity members in Atlantic LNG Trains 2 and 3 are BG Group (32.5%), UK's BP (42.5%) and Spain's Repsol (25%). Equity shareholders in Train 1, which began production in April 1999, are BG Group (26%), BP (34%), Spain's Repsol (20%), Belgium's Tractebel (10%) and Trinidad's National Gas Company (10%). Production is exported to markets in the USA, Puerto Rico and Spain.
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