Total sells equity in Hazira terminal and signs SPA with Shell
August 27, 2018
Total has signed a binding 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 parallel, Total has signed an agreement to sell 0.5 MTPA to Shell over 5 years, on a delivery basis to supply the markets of India and neighboring countries. The deliveries will be sourced from Total’s global LNG portfolio and are expected to begin in 2019.
Edited from Total press release.