RNS Number : 6188U
BG GROUP plc
16 May 2008
News
Relea
se
16 May 2008
BG Group Orders Two Additional 170,000 m3 Liquefied Natural Gas (LNG) Ships
BG Group plc today announced that it has signed an agreement with Samsung Heavy Industries
Co. Limited of South Korea for the delivery
of two new-build dual-fuel diesel electric (DFDE) LNG ships. The new ships will each have a
cargo capacity of 170,000 cubic metres (m3) and
are scheduled to be delivered in 2010.
Martin Houston, BG Group Executive Vice President, Americas and Global LNG said: "Today's
agreement demonstrates our continuing
commitment to build and operate LNG carriers of the highest standard. These two new vessels
are sister ships to the vessels BG ordered from
Samsung in 2006. Their addition to the BG fleet will further enhance performance and provide
increased flexibility in meeting the growing
demand by our customers throughout the world for natural gas."
Samsung will build, equip, launch and deliver the ships, which will use the GTT Mark III
membrane cargo containment system. The new
ships' design specifications are a repeat of the 170,000 m3 design which is intended to
provide maximum flexibility for access into
regasification terminals around the world while minimising transportation costs.
BG Group's current LNG shipping fleet consists of more than 20 vessels that are comprised
of owned and chartered ships. To date, Samsung
has constructed and delivered eight ships for BG Group. These new ships are intended to
replace chartered tonnage when delivered.
-ends-
There are matters discussed in this media information that are forward looking statements.Such statements are only predictions and
actual events or results may differ materially. For a discussion of important factors which
could cause actual results to differ from the
forward looking statements, refer to the Company's annual report and accounts for the year
ended 31 December 2007. The Company does not
undertake any obligation to update publicly, or revise, forward looking statements, whether as
a result of new information, future events or
otherwise, except to the extent legally required.
Notes to Editors:
BG Group plc is a global natural gas business. Active on five continents in 27 countries,
it operates four business segments -
Exploration and Production, Liquefied Natural Gas (LNG), Transmission and Distribution and
Power.
BG controls a fleet of LNG vessels to support its growing LNG business.
Enquiries:
Communications +44 (0) 118 929 3110
Out of hours media mobile: +44 (0) 791 718 5707
Investor Relations +44 (0) 118 929 3025
Website: www.bg-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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