OPERATIONS

Shipments start from upgraded LNG plant

Ignoring the politics surrounding its stake in the North Caspian Sea Production Sharing Agreement...

Train 3 is part of the Atlantic LNG $US1.1 billion two-train expansion project which successfully entered start-up operations last month. The expansion project began construction in 2000.

With this expansion, liquefied natural gas (LNG) output capacity from the Point Fortin facility has increased to nearly 10 million tonnes per annum (mtpa), moving the facility up in the world LNG industry rankings, by export volume, to fifth place after Algeria, Indonesia, Qatar and Malaysia.

BG Trinidad and Tobago-operated gas fields, located off the east and north coasts of Trinidad, provide 50% of the supply into Train 2 and 25% of the supply into Train 3. Trains 2 and 3 each have a 3.4 mtpa production capacity.

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%).

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