First cargo from Egyptian LNG Train 1 was shipped on 29th May 2005, three months ahead of the contractual schedule. The cargo, comprising approximately 129,000 cubic metres of LNG, was lifted by Asean LNG Trading Company Limited (ALTCO), a subsidiary of Petronas, one of the shareholders in the project, for delivery into Spain. The success of the project crowns over 27 million man hours spent on construction of Train 1.
Train 1 has a production capacity of 3.6 million tons per annum (mtpa) and its output is sold under a 20 year Sale and Purchase Agreement to Gaz de France for delivery to the United States and France. The Egyptian LNG plant also includes a second train, in addition to Common Facilities serving both trains. The Common Facilities include two LNG storage tanks with a capacity of 140,000 m3 each, marine facilities composed of a 2.4 km marine jetty, a dredged approach channel and a turning basin, in addition to power generation and warehouse facilities.
Egyptian LNG is a true national project which will deliver Egyptian gas to France, Italy, the United States and other European countries. Volumes from its two trains, together with volumes from SEGAS facilities in Damietta, contribute to placing Egypt into seventh place in the elite worldwide club of LNG exporting countries.
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© Press Release 2005
