Total and Adani Group have agreed to jointly develop multi energy offers, including new LNG infrastructure and service stations, to the Indian energy market.
The strategic partnership between Total, and Indian private conglomerate Adani Group, which specialises in trading, port infrastructure as well as energy production and distribution, includes the creation of LNG regasification terminals as well as a new retail network of 1,500 service stations.
Both companies will develop various LNG terminals, including Dhamra LNG, on the East coast of India as well as a JV to build the retail network over a period of 10 years on the main roads of the country.
Patrick Pouyanné, chairman and CEO of Total, says: ‘India’s energy consumption will grow among the fastest of all major economies in the world over the next decade. This partnership illustrates our joint commitment to assisting India to diversify its energy mix and to ensure a supply of reliable, affordable and clean energy to consumers.’
Adani Group chairman Gautam Adani adds: ‘The collaboration enables us to associate with Total’s century-old legacy, global presence, scale and unparalleled go-to-market expertise. The global synergy between the two groups presents widespread benefits and long-term value for the economy and the people of India.’