In addition to the information released on 24 September BG Group along with its partners in the Rosetta Concession, Edison International and Shell, have reached agreement with Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) to increase the Rosetta Daily Contracted Quantity (DCQ) to 345 mmscfd from the current 275 mmscfd, effective during the second quarter of 2005. Debottlenecking of the processing terminal will increase the facility capacity to 380 mmscfd.
BG Group Chief Financial Officer, Ashley Almanza, along with Executive Vice President and Managing Director, Mediterranean Basin and Africa, Stuart Fysh, are hosting a two-day visit for analysts in Egypt.
On Sept. 24, BG Group announced that it has signed agreements with EGPC, EGAS and Petronas for the export of natural gas via the SEGAS LNG plant located in Damietta, Egypt.
The gas supply will come from the BG Group-operated Scarab Saffron fields in the West Delta Deep Marine (WDDM) Concession, offshore the Nile Delta. Commencing in the first quarter of 2005, BG Group and its upstream partners, EGPC and Petronas will toll approximately 225 mmscfd of export gas through the SEGAS LNG plant for the first four years of the five year contract and approximately 150 mmscfd in the final year. The final processing and shipping arrangements will be completed within the next few weeks. (menareport.com)
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