Total
in shareholder agreement to create Pars LNG
Posted: 25 February 2004
Total announces the signature of a shareholder’s agreement
between the National Iranian Oil Company (NIOC, 50 per cent), Total
(30 per cent) and Petronas (20 per cent) for the creation of a joint
venture, Pars LNG.
This signature is the first step towards the development of a long-term
partnership between the three companies to produce Liquefied Natural
Gas (LNG).
The project is designed for an initial capacity of two trains of
4 million tons of LNG per year each. The gas will be produced on
block SP 11 of the South Pars gas field on which negotiations are
presently underway between NIOC, Total and Petronas.
For the development of this project, Total will put into practice
the company’s expertise in the domain of LNG as well as knowledge
of the giant South Pars gas field, acquired during the construction
and entry into production of phases 2 and 3.
For more information see www.total.com
Posted by Richard Price,
Editor Pipeline Magazine
Information supplied by companies
or PR agencies who are responsible for content. Send press releases
to info@pipelinedubai.com |
