BG Group on Tuesday announced the delivery of the first cargo of liquefied natural gas (LNG) to the Dragon LNG import terminal in Milford Haven.
The cargo, on board the Methane Lydon Volney from BG Group's global LNG fleet, will be used to commission the LNG regasification terminal, in which BG Group holds a 50% interest. In addition, BG Group has an agreement to use up to 50% of the terminal's send out capacity for the next 20 years.
Mark Carne, Executive Vice President and Managing Director for Europe and Central Asia at BG Group, said: "Dragon LNG will make a significant addition to the UK's energy security. It enables the UK to diversify further its energy supplies by providing increased capacity to import natural gas from a range of global sources. BG Group is proud to be both a major shareholder and a shipper in the terminal as well as the supplier of the first commissioning cargo."
BG Group plc is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercializing reserves.
Dragon LNG is the company that has built and will operate the 4.4 million tonnes per annum (mtpa) Dragon LNG terminal in Milford Haven, Wales. The equity partners in Dragon LNG are BG Group (50%), Petronas (30%) and 4Gas (20%). BG Group (50%) and Petronas (50%) also have agreements governing the capacity rights for a 20 year term at Dragon LNG, allowing them each to throughput 2.2 mtpa.