BG Orders Two LNG Ships

BG has entered into an agreement with Samsung Heavy Industries Co. Limited of Korea for the purchase of two new build liquefied natural gas (LNG) ships.

The two 138,000 cubic meter ships are scheducled to be delivered in the second and third quarters of 2004 respectively. BG has also secured options with Samsung for a further six new build ships - three for delivery in 2005 and the remaining three to follow in 2006.

Samsung will build, equip, launch and deliver the ships using the Gaztransport & Technigaz (Mk III) membrane cargo containment system - the standard LNG ship specification. The vessels will utilize dual-fuel steam turbine propulsion enabling them to sail at an average speed of 20 knots and a cruising range of about 21,000 nautical miles.