BG Group Starts Output From 2nd LNG Train in Queensland
25 November 2015 - 8:20PM
Dow Jones News
By Alex MacDonald
LONDON--Oil and gas major BG Group PLC (BG.LN) said Wednesday it
has begun the commercial operation of the second liquefaction and
purification facility at its natural gas project in Queensland,
Australia.
As a result, BG now has full control of both liquefaction
facilities, or LNG trains, at the Queensland Curtis LNG project.
The project is forecast to be able to produce enough LNG to load
around ten ships a month or around eight million tons of LNG a year
by mid-2016.
Since starting production in December 2014, 71 cargoes have been
shipped from the project.
The partners in Train 2, as the second liquefaction facility is
called, are BG, with a 97.5% stake and Tokyo Gas with a 2.5% stake.
Tokyo Gas is also a key customer of gas produced from the
project.
BG Group is currently being taken over by Anglo-Dutch oil major
Royal Dutch Shell PLC (RDSB.LN). Last week Australia's antitrust
regulator said it wouldn't stand in the way of Shell's takeover,
brushing aside its earlier concerns that the tie-up could reduce
the supply of natural gas along the country's heavily populated
east coast.
-Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 25, 2015 04:05 ET (09:05 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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