Shell Gas B.V. has signed a binding letter of intent (LoI) with Total Gaz Electricité Holdings France to acquire its stake in Hazira LNG and Port companies. Shell Gas B.V. is a subsidiary of Royal Dutch Shell plc.
Hazira LNG and Port venture comprises two companies; Hazira LNG Pvt Ltd that operates a liquefied natural gas regasification terminal in Gujarat, and Hazira Port Pvt Ltd which manages a direct berthing multi-cargo port at Hazira.
“The move would allow Shell commercial and operational flexibility over Hazira to maximise integrated value and offer creative customer value propositions,” a Shell statement said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.