By OGJ editors
HOUSTON, May 25 -- Marathon Oil Corp. and its partners in Equatorial Guinea LNG Co. Ltd. have shipped their first cargo 6 months ahead of the original schedule.
The cargo was shipped from Train 1 on Bioko Island after the $1.5 billion project was completed within budget.
BG Gas Marketing Ltd. owns the cargo under a 17-year agreement calling for the plant's full capacity of 3.4 million tonnes/year.
The first cargo was destined for Lake Charles, La., although BG has the option to divert the cargo elsewhere.
Interest holders in the plant are Marathon 60%, state-owned Sonagas 25%, Marubeni Gas Development Co. Ltd. 6.5%, and Mitsui & Co. Ltd. 8.5%.
