Tuesday, 28 August 2018

Total divests Hazira LNG stake to Shell, supplies 0.5mtpa from 2019

Hazira LNG regas terminal in Gujarat, India Hazira LNG regas terminal in Gujarat, India

The French oil major Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in Gujarat, India. In addition, Total agreed to sell 0.5 mtpa of LNG to Shell over a 5-year period starting from 2019.

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