Total sells equity in India's Hazira terminal and signs LNG sales agreement with Shell
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Total has signed two agreements with Shell for the sale of its minority stake in India's Hazira terminal and the provision of LNG to Shell over five years, respectively.
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 India. The transaction remains subject to the approval of regulatory authorities.
In addition, Total has signed an agreement to sell 0.5 million tpy to Shell over five years, on a delivery basis, to supply the markets of India and neighbouring countries. The deliveries are expected to begin in 2019.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/28082018/total-sells-equity-indias-hazira-terminal-signs-lng-sales-agreement-shell/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
EU shifts on climate targets in the face of industry reality
The EU’s shift on climate targets has come to echo the reality of the industry, according to an Aggreko report.
