BG to Supply LNG Volumes to Castle Peak’s Planned Hong Kong Terminal
June 24, 2008
UK-based BG Group’s wholly owned subsidiary BG LNG Trading has signed a liquefied natural gas heads of agreement with the Castle Peak Power Company, to supply one million tonnes per annum to the latter’s planned import terminal in Hong Kong for a period of up to 20 years.
Initial deliveries are expected to begin in 2013, to coincide with the completion of the liquefied natural gas (LNG) terminal on South Soko Island, Hong Kong. The LNG to be imported to this terminal is expected to be sourced from BG’s growing and flexible global portfolio.