Offshore staff
WINDSOR, UK -- British Gas's parent company Centrica Plc. received an award from the Trinidad and Tobago Energy Ministry for participation in one license as part of its bid in the Trinidad and Tobago Onshore and Shallow Water bid rounds.
Centrica, which is expanding its international search for new gas supplies, will have a 32.5% interest in shallow-water block 2AB near the Trinidad coast and close to existing LNG export facilities.
Centrica is focusing on sourcing LNG from countries capable of delivering into Atlantic basin markets alongside its investments in long-term gas contracts that have helped underpin new pipelines to the UK. LNG is expected to meet between 25% and 50% of the UK's gas supplies by 2020.
"Participation in Trinidad and Tobago provides us with access to one of the Atlantic basin's key LNG export areas and further broadens our approach to securing future energy supplies for our British Gas customers, as well as offering us a future supply option for our North American business," says Sam Laidlaw, chief executive of Centrica.
The Trinidad and Tobago license award follows recent successful bids in the Norwegian licensing round, where the company was awarded four licenses in the North Sea and Norwegian Sea, three as operator, and in the UK licensing round, where Centrica was awarded two operated licenses close to its Morecambe gas fields in the East Irish Sea. Tullow Oil will partner with Centrica in Trinidad and Tobago, working as the operator of block 2AB.
4/24/2007
