UNION FENOSA Gas starts importing gas into Spain from Oman

Source: www.gulfoilandgas.com 4/1/2004, Location: Middle East

- The first LNG ship arrives in Cartagena with 135,000 m3
Today, UNION FENOSA Gas started to import gas from Oman into the Spanish market with the arrival of the first LNG tanker ship at Endesa's Cartagena regasification plant. The "Sohar" has a net capacity of 135,000 m3 of liquefied natural gas (LNG), i.e. close to 900 GWh.

The shipment forms part of the contract signed between UNION FENOSA Gas and OMAN LNG to supply 21,000 GWh of LNG, equivalent to 1.8 billion cubic meters (bcm) of natural gas, in 2004 and 2005. The contract envisages a shipment of the same characteristics every one or two months until 2005 year-end.

This short-term contract forms is one of the overall agreements signed between the Oman government and UNION FENOSA Gas. The "Qalhat LNG" project, which involves UNION FENOSA Gas, will start to supply LNG at the end of 2005. It will provide a regular volume of 2.2 bcm/year of natural gas from Oman during at least 20 years.

Today's LNG shipment is part of UNION FENOSA Gas's supply diversification policy and will be complemented by supplies from ENI until UNION FENOSA Gas's projects start supplying LNG from Egypt in late 2004 and Oman in late 2005.

This will enable the group's supply company, UNION FENOSA Gas Comercializadora, to meet its growth objectives in the Spanish market and UNION FENOSA to start up its combined cycle plants.



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