Commissioning Complete at Dragon LNG

Milford Haven, 1 September 2009

Dragon LNG’s new liquefied natural gas terminal at Waterston, Milford Haven in South West Wales has successfully completed its commissioning phase and has now commenced commercial operation.

The ability to import LNG is a significant component within UK’s long-term energy strategy and the new terminal; the result of international inward investment from Dragon’s three shareholders. BG Group (50%), Petronas (30%) 4Gas (20%) can supply up to 5% of current UK demand with the ability to send out 6 billion cubic metres of natural gas per annum to the UK’s National Transmission System. 

The new terminal has been hailed by local community leaders as of great benefit to the local community in terms of employment and economic activity and is recognised by the UK government as a vitally important component of the UK’s long term energy strategy; highlighting the importance of Pembrokeshire and the port of Milford Haven as a strategic energy hub.

Dragon LNG
Dragon LNG is a standalone business financed by three industry shareholders, BG Group (50%), Petronas (30%) and 4Gas (20%). 
BG and Petronas between them have contracted for the full capacity at Dragon LNG’s Milford Haven site over the next 20 years.

BG Group
BG Group plc (LSE: BG.L) 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 commercialising reserves. For further information visit:  www.bg-group.com     

PETRONAS 
PETRONAS, short for Petroliam Nasional Berhad, is an integrated oil and gas multinational based in Kuala Lumpur, Malaysia. Owned by the Government of Malaysia, PETRONAS has strategic projects and operations in more than 30 countries worldwide. The company is the world’s third largest producer of LNG whose LNG business is supported by subsidiary MISC Berhad, currently the single largest owner-operator of LNG carriers in the world. For the year ended 31st March 2009, PETRONAS posted a net profit of US$15.3 billion on the back of US$77 billion in revenue. For further information visit: www.petronas.com.my

4Gas
4Gas is an independent company dedicated to developing and operating LNG import, regasification and storage terminals around the world. It is the world’s only independent company with a sole focus on LNG and a global footprint. Current 4Gas projects include Dragon LNG in Milford Haven, Wales; the LionGas project in Rotterdam, The Netherlands; the Pegaz LNG project near Bordeaux, France; the MapleLNG project at Nova Scotia, Canada; the Vista del Sol project in Corpus Christi, Texas, USA and the Mashal LNG project near Karachi, Pakistan. 4Gas has offices in Rotterdam (HQ), Houston, Halifax, Paris, Bordeaux, Milford Haven and Karachi. 
For further information visit: www.4Gas.com

Photographs of the site can be found at www.dragonlng.co.uk