28 May 2007 - 13:06
  • News Code: 105771

Marathon Oil Corporation and its partners announced the delivery of the first cargo of liquefied natural gas (LNG) from their Train 1 LNG project on Bioko Island, Equatorial Guinea. The $1.5 billion project was completed on-budget and six months ahead of the original schedule of late 2007.

The first LNG cargo was delivered to the 138,000 cubic meter LNG tanker Gracilis under the terms of an agreement with BG Gas Marketing LTD (BG) to supply 3.4 million metric tons per annum (mmtpa) to BG for 17 years. This first cargo is initially destined for Lake Charles, La.; however, BG holds destination flexibility in determining where its cargos will be delivered.


The LNG plant is located on the northwest side of Bioko Island at Punta Europa, near Equatorial Guinea"s capital city of Malabo. Approximately three trillion gross cubic feet of dry gas from the Marathon-operated Alba Field offshore Equatorial Guinea will be processed through the LNG plant.



News Code 105771

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