BG,
Chevron, NGC sign US$2b gas deal
By Driselle Ramjohn
Trinidad Express
Port
Spain
Petroleumworldtt.com
04 60 07
BG Trinidad and Tobago and Chevron Trinidad and
Tobago Resources signed a US$2 billion agreement
with the National Gas Company yesterday for the
sale of 220 mmscfd of natural gas.
The
supply of the gas will start from January 1,
2009 and should run for 15 years, Frank Look
Kin, president of NGC said at the signing ceremony
at BG T&T's offices in Port of Spain.
Look Kin said that the agreement was very important
to the national community as the government sought
to grow the domestic sector in terms of gas utilisation
and therefore this tranche of gas was important
to attracting new gas based industries to the country.
Martin
Huston, executive vice president and regional
manager North America, Caribbean and Global LNG,
BG NAC said: "This agreement will allow BG
and our partners to supply the growing domestic
market with clean burning natural gas for up to
15 years."
"This will underpin the commercialisation
of up to 1.2 tcf of gas of currently underdeveloped
gas in the East Coast Marine Area. This project
will involve drilling and completion of four new
wells along with topside modifications from the
Dolphin Platform," Houston added
The gas will be supplied from the Dolphin field.
Trinidad
Express
Tuesday, May 29th 2007
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Trinidad Express. All Rights Reserved.
