Altamira LNG Terminal Could Begin Expanded Ops in 2012

Tuesday, October 09, 2007
The Altamira LNG regasification terminal operated by Anglo-Dutch oil major Shell (NYSE: RDS) on Mexico's gulf coast could begin expanded operations as early as 2012, Altamira managing director Carlos Barajas told BNamericas. The plant, on Mexico's Gulf coast, currently has two storage tanks with a 3.5Mt/y LNG capacity. The expansion is not on the table in the short term because there are several other sources of natural gas supply for the zone. Sources include imports from the US and production by state oil company Pemex in northeast Mexico. The expansion will take roughly two years, Barajas said, without providing figures on the size of the project. Possible investment is still unknown given volatile prices for construction works. Shell controls 50% of the terminal with France's Total (NYSE: TOT) and Japan's Mitsui each holding 25%. Shell and Total hold 75% and 25% respectively of the terminal's capacity rights. [Source: http://www.bnamericas.com]
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Newport News Shipbuilding Hosts Sen. Inhofe

Huntington Ingalls Industries (HII) today hosted Sen. James M. Inhofe, R-Okla., for a tour of the company's Newport News Shipbuilding division.   The senator,

Hempel CEO Jullien Plans Retirement

Pierre-Yves Jullien, CEO of Hempel A/S since 2005, has decided to retire after nearly 40 years in the Group. He will step down from his role as CEO on March 31, 2016 at the latest.

DNV GL Launches Singapore Service Center

DNV GL's new Singapore Service Center (SSC) will streamline customer support and enhance customers’ experiences by giving them a single point of contact for all operational issues.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1947 sec (5 req/sec)