Logistics

Total S A, Adani group to jointly develop LNG regasification terminals in Odisha

P Manoj | Updated on October 17, 2018

The partnership has set a target of developing various regasification terminals, including Dhamra LNG, on the east coast of India.

Will also build a retail network of 1,500 service stations over a period of 10 years

French energy giant Total S A and Adani Group will jointly develop liquefied natural gas (LNG) regasification terminals at Dhamra in Odisha and fuel the retail network of 1,500 service stations over 10 years.

Both the companies have signed an agreement, but terms of the deal were not disclosed. Total is the world’s second largest LNG private player.

The partnership has set a target of developing various regasification terminals, including Dhamra LNG, on the east coast of India. Most essentially it would be a big stride towards India’s vision of achieving a healthier energy mix through promotion of LNG.

Total and Adani will create a joint venture to build a retail network of 1,500 service stations over a period of 10 years, on the main roads of the country, such as highways and intercity connections. The joint venture will strive to take advantage of a market growing at 4 per cent per year driven by the development of road infrastructure and the emergence of middle class.

The planned service stations, in line with international standards, will offer Indian customers Total’s full line-up of fuels, lubricants, as well as a broad range of other products and services.

Patrick Pouyanné, Chairman and CEO, Total, said: “India’s energy consumption will grow fastest among all major economies in the world over the next decade. The partnership between Total and the Adani Group illustrates our joint commitment to assisting India to diversify its energy mix and to ensure a supply of reliable, affordable and clean energy to consumers. We are thrilled to build this broad partnership with the Adani Group, benefiting from its in-depth knowledge of the Indian infrastructure and energy market, as well as its access to infrastructure through a significant footprint in several of the country’s key ports.”

Published on October 17, 2018

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