Port of Bordeaux, 4Gas plan LNG terminal

Aug. 16, 2006
The Port of Bordeaux in France and 4Gas of the Netherlands have agreed to jointly develop a €400 million LNG import terminal at the mouth of the La Gironde River at Le Verdon, France.

By OGJ editors
HOUSTON, Aug. 16 -- The Port of Bordeaux in France and 4Gas of the Netherlands have agreed to jointly develop a €400 million LNG import terminal at the mouth of the La Gironde River at Le Verdon, France.

About 97% of the regional gas and gasoline consumed is accessed through the port, one of the largest in France.

4Gas will begin work immediately on environmental, safety, and engineering studies required for permit applications. The Port said it will renovate an existing jetty and work with 4Gas on all marine aspects.

Construction is expected to begin in 2008, and the terminal to start operations in 2011.

4Gas, dedicated exclusively to LNG, is a new company formed by shareholders of Petroplus International NV, Amsterdam, following its development of the Dragon LNG project under construction in Milford Haven, Wales. Dragon is scheduled to be operational in 2007. 4Gas also is developing the LionGas LNG terminal in Rotterdam, expected to come on line in 2010.

The Carlyle Group and Riverstone Holdings LLC are majority shareholders in RIVR, which owns the majority of the 4Gas shares.