BG looks for gas supply partner for third Egyptian LNG train
Cairo (Platts)--12Oct2004
The UK's BG group has started to increase its gas exploration in Egypt and meet with other gas companies in a bid to find supplies for a third LNG train planned for construction, BG Egypt's policy and corporate affairs manager Michael Barron said Tuesday. The company is "undertaking major gas exploration" in its West Delta Deep Marine concession and in two recently awarded blocks in the eastern Nile delta, Barron said. "Any discoveries made there could serve a third processing plant the company is contemplating adding to the project," said Barron. Two trains are already under construction at the ELNG Idku site, some 50km (31 miles) from the coastal city of Alexandria. Barron said the ELNG project is set up so a "third party" could have a stake in the train but he said discussions with potential gas suppliers are only just beginning. "We've been saying for a while we're interested in a third train," Barron said. "Very, very informal conversations happened" but "nothing substantive" has yet come of them.
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