NEWS ROOM  
 

:: Company News

 
     
  ARCHIVE  
  :: 2003  
  :: 2004  
     
     
     
     
     
     
     
     
     
 

COMPANY NEWS

 
     
 

Inauguration of the Hazira LNG Re-gasification terminal

Posted: 25 April 2005

Total has inaugurated the Hazira liquefied natural gas (LNG) re-gasification terminal located in Hazira in the Gujarat state on the northwest coast of India .

Partnered with Shell, Total has a 26% interest in the three companies involved in the Hazira LNG  project: the port company, the terminal company and the marketing company.  The Hazira project has an initial capacity of 2.5 million tons per annum with a goal to expand it to 5 million tons.  

Representing an overall investment in excess of $600 million, the Hazira LNG terminal project is among the largest in the Indian energy sector.

“Hazira is just one of the many steps Total is taking as we grow and strengthen our LNG activities. With the inauguration of this terminal we further secure access to a fast growing market for the benefit of our upstream LNG projects, ” states Yves-Louis Darricarrère, President of Total Gas and Power.  “This project illustrates how Total’s commitment to developing its activities in all segments of the gas chain makes us a preferred partner for large gas projects worldwide.”

With more than one-quarter of the Total’s gas production dedicated to the LNG industry, the company commercialised 7.5 million tonnes of LNG in 2004.  The Group holds stakes in five producing natural gas liquefaction plants worldwide representing about 40% of the global LNG production. Total has also acquired interests in re-gasification terminals in Mexico , Altamira , and in France, Fos Cavaou, expected to begin operations in 2006 and 2007 respectively. Furthermore, starting in 2009, Total will  control re-gasification capacity in the Sabine Pass terminal on the U.S. Gulf of Mexico.



Posted by Editor Pipeline Magazine

Information supplied by companies or PR agencies who are responsible for content. Send press releases to info@pipelinedubai.com

 
     

 

© Copyright 2002. Reflex Publishing ME FZ LLC. All rights reserved.
Pipeline Magazine, PO Box 53777, Dubai Media City, Dubai, UAE
Tel: +971 4 3910 830 | Fax: +971 4 390 4570 | E-mail - info@pipelinedubai.com