Phoenix Natural Gas (PNG) was established as a subsidiary of British Gas plc to exploit the licence to deliver natural gas to Belfast, awarded in 1996. British Gas had acquired Ballylumford power station at Larne in 1992, a condition of the sale was that the plant be converted from heavy fuel oil to gas-fired. This provided a "base demand" in addition to demand from commerical, residential and industrial customers. British Gas is a trademark in the gas industry. ... Larne (Latharna in Irish which means the lands of Lathar who was an Irish prince) is a town in County Antrim, Northern Ireland with a population of approximately 31,000 people. ...
Premier Transco Limited was formed to develop the SNIP, a 135km pipe (40.4km under sea) with a diameter of 0.61m. Construction lasted three years (1994-1996) and was completed to time and on budget. Ballylumford converted to natural gas in 1996 and the first connections to Phoenix customers occurred in 1997.
In 1997 British Gas sold a 24.5% share to Keyspan Energy. As BG Group plc the company sold a further 24.5% share to East Surrey Investments in 2001. In 2003 East Surrey Investments bought BG's 51% share and Keyspans 24.5% share to take full control of Phoenix Natural Gas. BG Group Plc is an energy production and distribution company which is headquartered in Reading outside London, England. ...
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