EG LNG, whose gas marketer is BG Group of the UK, only went into production in May 2007 and its flow of cargoes into the Atlantic basin was hit by a plant shutdown during much of the fourth quarter.
The company revealed the cargo numbers as it released fourth-quarter results. Marathons gas segment posted income of $49 million in the fourth quarter and $132M for the full year, compared with a loss of $7M and income of $16M in the comparable periods of 2006.
During 2007, the increase in segment income was due to the fact that the EG Train 1 facility began production, Marathon said. The Houston-based company holds a 60 percent stake in EG LNG.
Following a shut-in for the repair of a minor leak, the EG Train returned to normal operations in mid-November and has since produced at 92 percent of the 3.7 million tonnes per annum nameplate capacity, Marathon said.