Egyptian LNG is a company founded and sponsored by British Gas Asia Pacific Holdings Pte Limited (BG), the Malaysian National Oil Company (Petronas), the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC). The company is developing a $2 billion, two-train liquefied natural gas (LNG) plant on approximately 165 hectares of land located some 3 kilometers from the town of Idku and 40 kilometers east of Alexandria on the Egyptian Mediterranean coast.