BG Group & Partners Announce First LNG from Egyptian LNG Train 2
BG Group and its partners, PETRONAS, the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) commenced the start-up of Egyptian LNG Train 2, some nine months ahead of schedule. Early cargoes from the new facility will be lifted later this year by BG Group and Asean LNG Trading Company Limited (ALTCO), a subsidiary of PETRONAS.
Stuart Fysh, BG Group's Managing Director for the Mediterranean Basin and Africa, said: "We are delighted to announce the start-up of ELNG Train 2, some nine months ahead of schedule. This, along with the early delivery of Train 1 by more than three months, sets a new benchmark for the delivery of a green-field LNG project.
"It also represents a significant milestone in the development of the Egyptian natural gas industry and an outstanding achievement for BG Group and the Egyptian Ministry of Petroleum. The early delivery of this project will create substantial additional value for Egypt, BG and our partners," Fysh said.
The entire 3.6 million ton per annum (mtpa) output of the second train has been sold to BG Gas Marketing under a 20 year sales and purchase agreement.
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