 Currently Egypt is studying the construction of a third train in Idku LNG plant with an estimated investment of $550 million. Many financial institutions and international petroleum companies are interested in financing the third train due to the stability, which Egypt enjoys nowadays, and the success in marketing the two other trains for 20 years.
The LNG export project, at Idku, is built by BG in partnership with Edison of Italy. Early 2003, Petronas of Malaysia acquired Edison shares in the project. The project is tied in to natural gas reserves from BG's Simian/Sienna offshore fields. The plant initial two trains have a production capacity of 3.6 million-tonne-per-year each. The production of the first train will be exported to France while the second train production will be exported to Italy and the United States. The first train production is expected in the third quarter of 2005. The second train production is scheduled by mid 2006. Idku LNG plant is designed to accommodate 6 trains.
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