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Share Name | Share Symbol | Market | Type |
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Trinity Industries | TG:TTA | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 33.80 | 33.80 | 33.80 | 0.00 | 00:00:00 |
RNS Number:4447Q Total S.A. 2 October 2003 Total Takes a 25% Stake In the Mexican LNG Re-gasification Terminal of Altamira Paris - October 2, 2003 - The Total Group announces that it has signed an agreement with an affiliate of the Royal Dutch/ Shell group of companies to acquire a 25% stake in the Altamira LNG re-gasification terminal project. The LNG Terminal, located in the Port of Altamira on the eastern coast of Mexico near Tampico, is expected to start operation in the second half of 2006. The transaction remains subject to the approval of the relevant Mexican authorities. Once the transaction is completed, Total will hold a 25% interest in two project companies. One is the marketing company Gas del Litoral, which was awarded by the Comision Federal de Electricidad (CFE) the contract to supply 5 billion cubic metres per annum of natural gas for 15 years, from the new LNG re- gasification terminal. The other project company, Terminal de LNG de Altamira, will build, own and operate the terminal in the Port of Altamira. "With the signing of this agreement, Total has taken yet another important step to grow the company's worldwide LNG business," said Yves-Louis Darricarrere, Total Executive Vice President, President of Gas and Power. "We are pleased to be working with Shell to provide Mexico with a secure gas supply in Altamira that the country needs to fuel its economic growth." This agreement marks Total's first involvement in a LNG re-gasification terminal. Total is already a major LNG player, commercialising close to 6 million tonnes in 2002. The company holds stakes in five natural gas liquefaction plants worldwide. Total is the fourth largest oil and gas company in the world with operations in more than 120 countries. Total's activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals through its chemicals branch, Atofina. Total has 121,000 employees worldwide. More information can be found on the company's website: www.total.com This information is provided by RNS The company news service from the London Stock Exchange END AGRNKBKBCBDKAKK
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