Total S.A.
19 June 2006
Inauguration of Euskadour Gas Interconnector between
France and Spain
Paris, June 19, 2006 - The Euskadour pipeline interconnecting the gas grids in
the Basque regions of France and Spain was inaugurated today. The ceremony was
attended by Jose Montilla Aguilera, Spain's Minister of Industry, Tourism and
Trade, Francois Loos, France's Minister of Industry, and Juan Jose Ibarretxe,
President of the Basque Autonomous Community.
Construction of the pipeline by Total Infrastructures Gaz France (TIGF), a Total
subsidiary, and Naturgas Energia began in November 2004 and was completed in
late 2005. The 28-kilometer long Euskadour interconnector will initially carry
around 500 million cubic metres of natural gas a year on both sides of the
Pyrenees, equivalent to the consumption of the French city of Bordeaux.
During the inauguration ceremony, Yves-Louis Darricarrere, President, Total Gas
& Power, said: 'The interconnector will improve gas service for public
distribution companies from Bayonne to Hendaye and will have a direct impact on
consumers in the French Basque region. But this infrastructure project is just
one of many that Total is developing in southern France to enhance security of
supply and seamless operation of the deregulated gas market.'
Total is currently involved in three major gas projects in France, for a total
investment of €550 million over the next five years. First, it is taking part in
the construction of the new Fos Cavaou LNG terminal, with a capacity of 8.25
billion cubic metres per year. Then, to carry the liquefied natural gas
offloaded in Fos, Total will complete the doubling of the Artere de Guyenne
pipeline from Lussagnet across the Dordogne River. Last, subject to the
necessary administrative approvals, the capacity of the Lussagnet natural gas
storage facility will be expanded to 3.5 billion cubic metres from 2.4 billion
cubic metres.
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals, www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
FFQQBBBBK
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.