Hazira LNG Re-gasification Terminal Inaugurated
The Hazira liquefied natural gas (LNG) re-gasification terminal located in Hazira in Gujarat state on the northwest coast of India was inaugurated today.
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 Darricarrere, 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 commercialized 7.5 million tons 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.
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