In Mexico, Vopak and Enagas have acquired a LNG storage and regasification terminal located in Altamira.
The joint venture invested $408 million (€300 million) for 100% of the terminal’s shares. Prior to this, Shell owned 50% of the shares, while Total and Mitsui & Co both owned 25%.
The companies announced in June that they were to acquire the facility and have taken over operational management of the terminal with immediate effect.
The terminal features two 150,000m3 tanks and a jetty that can receive 216,000m3 LNG vessels. It can handle up to 7.4 billion m3 a year of product, but there is potential to build a third tank at the site and increase its annual throughput to 10 billion m3.