With population growth and economic development leading to strong growth in electricity demand, central Mexico began to need new energy supplies in the late 1990s and early 2000s. With declining North American gas production, LNG emerged as a cost-competitive option. The first proposal for the Altamira terminal was announced by Shell and El Paso Energy in June, 2001. El Paso pulled out of the venture in 2003, but Shell chose to continue development, with Total acquiring a 25% stake in ...
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