Inauguration of the South Hook LNG re-gasification Terminal

Source: www.gulfoilandgas.com 5/13/2009, Location: Europe

Total announces the inauguration today of the South Hook LNG re-gasification Terminal, the largest in Europe, located in Milford Haven, UK, Wales.

The South Hook Terminal is owned and operated by South Hook LNG, a company formed through the joint venture of Qatar Petroleum (67.5%), ExxonMobil (24.15%) and Total (8.35%). With a capacity of 15.6 million tonnes (Mt) per year, the South Hook Terminal, will receive LNG from the Qatargas 2 Project in Qatar. .

Total also holds a 16.7% interest in train B of Qatargas 2 which is due to come on stream later in the year. .

At the inauguration, Christophe de Margerie, Chief Executive Officer of Total stated: “The start-up of the South Hook terminal, which completes the Qatargas 2 project inaugurated last month, will further diversify access to natural gas for European consumers. Total is taking this important step to develop its LNG activities and to strengthen its strategic partnership with Qatar.” .

The South Hook terminal is one element of the wider Qatargas 2 value chain - the first integrated LNG project in the world. Qatargas 2 is a joint venture formed by Qatar Petroleum with ExxonMobil and Total to deliver up to 15.6 Mt per year of LNG. Qatargas 2 comprises three offshore platforms, two 7.8 Mt per year liquefaction trains (onshore), 14 super size ships (8 Q-Flex & 6 Q-Max) and the South Hook terminal.


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