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Article: EGYPT - BP-Led LNG Export Venture.
- Article from:
- APS Review Gas Market Trends
- Article date:
- January 14, 2002
CopyrightCOPYRIGHT 2002 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The LNG will be purchased by the inhouse gas trading units of BP and ENI -BP Gas & Power Upstream and Snam. With the LNG venture to have its own tankers, the two units will be selling the liquefied methane on CIF basis, mainly to Spain where BP has a growing market share, Botas in Turkey which will have an LNG receiving terminal in Izmir, and Italy. The second train will be built as soon as demand for its output has been developed in markets on both sides of Suez, with the two trading units beginning to expand in the European Union and the Mediterranean.
BP has a global LNG unit now marketing brand LNG on both sides of Suez. It has gone to Dominican Republic, ...