Total's LNG push extends further into India

The French oil and gas supermajor buys into Indian gas supply and initiates an LNG terminal partnership with domestic conglomerate Adani. Total expects to invest around USD 600 million in the Indian market, which big oil sees as particularly attractive.

Photo: Benoit Tessier/Reuters/Ritzau Scanpix

Indian conglomerate Adani has signed a deal setting up a joint venture with French oil and gas supermajor Total. The multifaceted agreement's partners aim to create a value chain within India and Bangladesh's gas supply.

Adani and Total are thus working together to establish an LNG terminal, Dhamra, in Eastern India – and possibly also set up another such terminal in Western India. Furthermore, Total is buying a 37.4 percent stake in Adani Gas Limited, one the country's four main gas distribution players, Total informs in a statement Monday.

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