VOL. XLVII

No 10

08-March-2004

GENERAL

Total Acquires 26% In Hazira LNG Project With Middle East Export Opportunity

Total announced on 4 March that it had signed an agreement with Shell Gas to acquire a 26% stake in a liquefied natural gas regasification terminal project at Hazira, in Gujarat State in northwestern India. The terminal is expected to receive its first LNG cargo by end-2004. Once the transaction is complete, Total will hold a 26% interest in the three project companies: the port...