21st Apr 2005 12:40
Total S.A.21 April 2005 India: Inauguration of the Hazira LNG Re-gasification terminal Paris April 21, 2005 - Total announces the inauguration today of the Haziraliquefied natural gas (LNG) re-gasification terminal located in Hazira in theGujarat state on the northwest coast of India. Partnered with Shell, Total has a 26% interest in the three companies involvedin the Hazira LNG project: the port company, the terminal company and themarketing company. The Hazira project has an initial capacity of 2.5 milliontons per annum with a goal to expand it to 5 million tons. Representing an overall investment in excess of $600 million, the Hazira LNGterminal 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 strengthenour LNG activities. With the inauguration of this terminal we further secureaccess to a fast growing market for the benefit of our upstream LNG projects, "states Yves-Louis Darricarrere, President of Total Gas and Power. "This projectillustrates how Total's commitment to developing its activities in all segmentsof 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 LNGindustry, the company commercialised 7.5 million tonnes of LNG in 2004. TheGroup holds stakes in five producing natural gas liquefaction plants worldwiderepresenting about 40% of the global LNG production. Total has also acquiredinterests in re-gasification terminals in Mexico, Altamira, and in France, FosCavaou, expected to begin operations in 2006 and 2007 respectively. Furthermore,starting in 2009, Total will control re-gasification capacity in the SabinePass terminal on the U.S. Gulf of Mexico. * * * * * Total is the fourth largest oil and gas company in the world with operations inmore than 130 countries. Total's activities cover the whole energy chain of thepetroleum industry: exploration, oil and gas production, refining and marketing,trading and power generation. The Group is also a major player in chemicals.Total has more than 111,000 employees worldwide. More information can be foundon the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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