Total takes stake in Mexican LNG terminal at Altamira

By OGJ editors

HOUSTON, Oct. 3 -- Marking its first involvement with an LNG regasification terminal, France's Total SA reported signing an agreement with Royal Dutch/Shell Group to acquire a 25% stake in the Altamria LNG regasification terminal project.

The terminal, to be built near Port of Altamira on the eastern coast of Mexico near Tampico, is due to start operation during the second half of 2006.

If approved by Mexican authorities, Total's stake acquisition will mean it holds a 25% interest in two of the LNG projects companies—marketing firm Gas del Litoral and Terminal de LNG de Altamira. The former has been awarded a 15-year contract from the Comisión Federal de Electricidad to supply 5 billion cu m/year of natural gas from the new regasification terminal and the latter will build, own, and operate the terminal.

Already a major player in the LNG market, Total currently commercialized nearly 6 million tonnes of LNG during 2002 and holds stakes in five NGL plants worldwide, the company said.

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/18/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Cameron LNG awards export-plant contracts

03/17/2014 Cameron LNG LLC has awarded CB&I and Chiyoda International Corp. a $6 billion engineering, procurement, and construction contract to build a 13...

IOC to buy stake in proposed PNW LNG terminal

03/17/2014 Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC;...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected