Total to build a liquefied petroleum gas import and storage terminal
in India
Posted: 6 November 2003
Total has signed an agreement with Hindustan Petroleum Company
Ltd, India's third largest refiner, concerning the construction
of a liquefied petroleum gas (LPG) import and underground storage
terminal in Visakhapatnam, in the eastern Indian state of Andhra
Pradesh.
The two partners each own a 50 per cent interest in South Asia
LPG Ltd, the company that will build and run the terminal.
With a storage capacity of 60,000 metric tons, the terminal will
be the largest such facility on India's east coast and the first
of its type in a country where demand for LPG is experiencing strong
growth. Construction will begin in December 2003, with commercial
start-up scheduled for third-quarter 2006.
The agreement strengthens the Group's strategy of expanding in
high-potential Asia markets, particularly in the area of specialty
products. Total is already present in India in LPG marketing, lubricants
and specialty chemicals.
For more information see www.total.com.
Posted by Richard Price,
Editor Pipeline Magazine
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