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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