Skip to main content

Total sells equity in Hazira terminal and signs LNG sales agreement with Shell

Published by
LNG Industry,

Total has announced that it has signed a binding letter of intent (LoI) with Shell for the sale of its 26% minority equity stake in the Hazira LNG regasification terminal in India.

Total claims that the transaction remains subject to the approval of regulatory authorities. In parallel, Total has signed an agreement to sell 0.5 million tpy of LNG to Shell over a five-year period on a delivery basis to supply the markets of India and neighbouring countries. The deliveries will be sourced from Total’s global LNG portfolio and are expected to commence next year.

Philippe Sauquet, President Gas, Renewables and Power, said: “This deal enables Total to capture value through an asset disposal, while the LNG sales contract allows us to maintain the balance of our LNG portfolio.

“We remain committed to supply the Indian subcontinent, which is a key market experiencing strong growth in LNG demand.”

Read the article online at:

You might also like

LNG Pool Fire Suppression

In this webinar, Owens Corning Technical Services Engineer, Alec Cusick, will discuss safety considerations and priorities during cryogenic liquid spills – including vaporisation of liquid hydrocarbons, radiant heat during fires, and thermal shock to concrete and steel.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

India LNG news Shell LNG news LNG import news