Uchenna Izundu
International Editor
LONDON, Nov. 1 -- BG Group PLC will prepare an environmental impact assessment for its proposed Brindisi regasification terminal to meet the Italian government's new requirements.
Earlier this month the government suspended its decree allowing BG to construct the $720.6 million terminal until the EIA was completed.
BG said it was committed to developing the 8 billion cu m/year Brindisi terminal and the authorization given in 2003 was full and valid and did not require an EIA at the time. BG described its change in stance as "a gesture of good faith." It has already invested €200 million in the project.
BG said it was committed to completing the project. "We have reached our decision quickly and have already begun work on the EIA," the company said.
The terminal is expected to begin operating by 2010.
Contact Uchenna Izundu at [email protected].
