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Article: Shell Buys Sakhalin LNG for Baja.(Royal Dutch-Shell Group of Cos., Sakhalin Energy, liquified natural gas, Baja California )
- Article from:
- The Oil Daily
- Article date:
- October 15, 2004
- Author:
CopyrightCOPYRIGHT 2004 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Sakhalin-2 consortium, led by Royal Dutch/Shell, has sealed a landmark deal to supply Russian natural gas to North America.
Shell will import 37 million tons of liquefied natural gas (LNG) over 20 years through the Costa Azul terminal in Baja California, Mexico, operated by Sempra Energy of California.
Sempra and Shell have also finalized ownership terms for the 1 billion cubic foot per day regasification terminal. Sempra will fully own, construct and operate the $600 million terminal. Shell has rights to 500 million cubic feet per day of capacity, including half of any future expansions, the companies said Thursday.
"The agreement calls for ...