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  • Shell completes deal to acquire 100% equity in Hazira LNG & Port Companies
    édité le 09/01/2019 - Plus de news de "SHELL" - Voir la fiche entreprise de "SHELL"


Shell completes deal to acquire 100% equity in Hazira LNG & Port Companies
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc (“Shell”), announced today that it has completed acquisition of 26% equity interest in the Hazira LNG and Port venture in India from Total Gaz Electricité Holdings France (“Total”). “This brings Shell’s equity interest in the venture to 100%.

The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions.

Shell Energy India was established in 2017, to aggregate demand from downstream customers and secure competitive international supply to meet such demand. Having commercial and operational flexibility over Hazira will further enable Shell to offer better customer value propositions and build a pan-India gas business.

“Fifteen years ago, Shell invested in the Hazira project – the single largest foreign direct investment for India in the energy sector at the time. I am very proud that as a 100% shareholder, we will now be able to utilize this great infrastructure asset to its full potential and help provide much needed gas to serve the growing energy needs of India,” said Ajay Shah, Vice President Shell Energy Asia.

About Shell in India

Shell is one of the most diversified international energy company in India with over 7000 employees, 200,000 retail customers and a 250 - strong distribution network. It brings world-class energy solutions across traditional, new energies and its derivatives to individuals and enterprises.

Shell’s Lubricants business is active across the full lubricant supply chain - manufacturing base oils, blending base oils with additives to make finished lubricants, and distributes, markets and sells lubricants in over 100 countries. Shell’s retail presence in India spans five states – Karnataka, Tamil Nadu, Telangana, Maharashtra and Gujarat.

Shell operates a LNG re-gasification terminal at Hazira. Through its subsidiary, BG Exploration and Production India Limited, Shell holds a 30% interest in, and is joint operator of the Panna - Mukta oil and gas fields. India is home to Shell’s world class centres carrying out operations, IT and innovation mandates in Bangalore and Chennai.

The company is nurturing a vibrant ecosystem in India to accelerate energy innovations with the Shell E4 programme for startups, and investments in new energy companies like Cleantech Solar, Husk Power. Shell remains committed to making positive contributions to the communities in which we operate through NXplorers, Access to Energy and Road Safety across India.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.


Origine : Communiqué SHELL

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