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
The Hydrocarbon Engineering Podcast - Evaluating the challenges and opportunities of CCUS
In this episode of the Hydrocarbon Engineering Podcast, Andrea Bombardi, Executive Vice President, RINA, offers technical and operational insight into some of the key challenges and opportunities of CCUS implementation.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
