Total has signed two agreements with Shell for the sale of its minority stake in India's Hazira terminal and the provision of LNG to Shell over five years, respectively.
Total has signed a binding letter of intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities.
In addition, Total has signed an agreement to sell 0.5 million tpy to Shell over five years, on a delivery basis, to supply the markets of India and neighbouring countries. The deliveries are expected to begin in 2019.
Read the article online at: https://www.tanksterminals.com/terminals/29082018/total-sells-equity-in-indias-hazira-terminal-and-signs-lng-sales-agreement-with-shell/