BG Group PLC (BG.LN) said Tuesday it has delivered the commissioning cargo to the U.K.'s Dragon liquefied natural gas terminal.

The Methane Lydon Volney vessel arrived from Atlantic LNG Trinidad at Dragon's Berth number oneaccording to the port authorities Web site, with a cargo of 145,000 cubic meters of LNG provided by BG Group.

Further shipments are expected over the next few weeks, a spokesperson for the terminal said.

BG Group has a 50% stake in the terminal, located at the port of Milford Haven in South Wales. Its partners are state-owned Malaysian energy company Petronas with 30% and privately-owned Dutch gas company 4Gas with a 20% share. BG and Petronas between them have contracted for the full capacity at Dragon LNG's Milford Haven site over the next 20 years.

According to data on the National Grid Web site, the volume of gas taken from the National Transmission System in order to commission the Dragon terminal for Gas day July 12 was 0.005 million cubic meters.

U.K. natural gas prices have sunk to two-year lows this week in anticipation of a glut of LNG supply flooding the market in weeks to come, adding pressure to prompt values.

The launch of Dragon's operations follows the launch of the South Hook terminal, also in Milford Haven, which received its first cargoes in May this year. Between them, the terminals have a capacity to supply up to 25% of the U.K.'s gas requirements.

South Hook is a new company formed through the joint venture of subsidiaries of its three shareholders, Qatar Petroleum with a 67.5% stake, ExxonMobil Corp. (XOM) with 24.15% and Total SA (TOT) with 8.35%.

The U.K.'s primary regassification terminal, the Isle of Grain terminal in Kent, southeast England, is able to import 9.8 million metric tons of LNG a year. U.K.-based oil and gas major BP PLC (BP), state-owned Algerian energy company Sonatrach, U.K. utility Centrica PLC (CNA.LN) and French utility GDF Suez SA (GSZ.FR) are the capacity holders at Grain.

Centrica confirmed Tuesday it took delivery of LNG vessel Al Kharsaah from RasGas of Qatar, at the Isle of Grain on Saturday. This is the eighth cargo into the Grain terminal since commissioning in the fourth quarter 2008.

Company Web site: http://www.nationalgrid.com

Company Web site: http://www.bg-group.com

-By Angela Henshall and James Herron, Dow Jones Newswires; +44 (0)20 7842 9285; angela.henshall@dowjones.com