Shell to acquire Total’s stake in Hazira LNG & Port

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.