LONDON, Dec. 8 -- Total SA has finalized its acquisition of equity interests in two LNG projectsa 16.7% interest in the second liquefaction train of Qatargas II in Qatar and an 8.35% stake in the UK South Hook import terminal.
Total will buy as much as 5.2 million tonnes/year of LNG for 25 years from Qatargas II, which will be sent to France, the UK, and the Gulf of Mexico. Train 2 is under construction and is expected to begin operations in winter 2008-09.
Qatargas II is an integrated project covering the development of two new LNG trains, each with a capacity of 7.8 million tpy and feed gas will come from the North field in Qatar. The project participants are Qatar Petroleum, ExxonMobil Corp., and Total.
The South Hook LNG terminal is in Milford Haven, South Wales. The two-train plant will regasify 15.6 million tpy of LNG and its first train is expected to begin operations in early 2008. Others partners are QP, 67.5%, and ExxonMobil, 24.15%.
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