Thursday, July 5, 2007

BP, Sonatrach Leave U.K. LNG Import Berth Unfilled, Open to Third Parties

(Bloomberg) -- Britain's import terminal for
liquefied natural gas at the Isle of Grain has a berthing slot
vacant next week as higher prices for the fuel elsewhere prompt
capacity holders at the facility to send gas to other regions.

BP Plc and Algerian energy company Sonatrach share berths
at Grain, which can take one tanker a week and handle about 4
percent of Britain's gas needs. LNG is natural gas cooled to a
liquid for transport by tankers.


Read more at Bloomberg Energy News

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