THE WALL STREET JOURNAL: Shell Sells 1st Regasified LNG From India Hazira Plant: “Shell Gas & Power Thursday announced the startup of the Hazira LNG receiving terminal, located near Surat in the state of Gujarat in Northwest India.” (ShellNews.net) 21 April 05

DOW JONES NEWSWIRES

April 21, 2005

Edited Press Release

LONDON -- Shell Gas & Power Thursday announced the startup of the Hazira LNG receiving terminal, located near Surat in the state of Gujarat in Northwest India.

The Hazira terminal received its first cargo on April 17, which arrived from Australia. Following the cool-down of the plant and other commissioning work, gas will flow to Hazira's first customer, Gujarat State Petroleum Corporation, shortly.

Hazira is a joint venture between Shell (74%) and Total SA (26%). The facility is capable of receiving up to 2.5 million tons of LNG per annum, or mtpa, and has future expansion potential up to 10mtpa.

Shell Gas and Power Executive Director Linda Cook commented: "Shell is very proud that the Hazira terminal has received its first cargo of LNG and delivered first gas to customers.

"The Hazira project demonstrates Shell 's LNG strategy in action - moving quickly to take strategic positions in key emerging markets. This investment is the latest example of Shell extending its leadership in LNG. Driven by its strong economic growth the gas market in India will go from strength to strength in the coming years. Shell now has a leading position to serve this important LNG market via the Hazira facility." 

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