BG and PETRONAS Agreed on Open Market for Dragon

BG and Petronas who both share and hold the capacity rights at Dragon LNG are expected to operate the terminal on an open-market basis allowing demand to dictate imports into the terminal. The Dragon LNG joint-development partnership comprises of 50% BG Group and Petronas with 30% and Dutch terminal developer 4Gas with 20%. Dragon LNG is built on a former refinery site taking advantage of two storage tanks and one jetty with capacity to handle 6.8 mtpa of LNG.