BG to Make First Train 3 Shipment

The UK's BG Group expects to make its first shipment of 137,000 cubic meters of gas from its Train 3 expansion at the Atlantic liquefied natural gas (ALNG) project in Trinidad & Tobago in the next few days, BG spokesperson Nicole McMahon told BNamericas.

"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.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports.

Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles
Related Articles

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