Fetching News Details
In an undisclosed amount, Shell acquired French supermajor, Total’s stake in the Hazira LNG terminal and Port in Gujarat. Total owned a 26% stake in the project, through its wholly-owned subsidiary, Total Gaz. The move is consistent with Shell’s strategy to hold a deeper presence in India’s gas value chain. Earlier, Shell Gas B.V and Total Gaz jointly owned Hazira LNG and Port. The deal is under regulatory considerations.
