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Terminal News

Total expands LNG partnership with Adani Group

Total expands LNG partnership with Adani Group
Total has expanded its partnership with Adani Group that includes several assets across the gas value chain includes two LNG terminals.

The partnership between Adani (50%) and Total (50%) has been established to contribute to the development of the Indian natural gas market, which has grown over the last three years by more than 5% per annum.

Indian has a target of increasing the share of natural gas in its energy mix to 15% by 2030. The partnership includes two import and regasification LNG terminals, Dharma in East India and potentially Mundra in the West, as well as Adani Gas, one of the four main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Total will bring its LNG and retail expertise and will supply LNG to Adani Gas. Total and Adani will also establish a joint venture to market LNG in India and Bangladesh.

Nicolas Browne, Wood Mackenzie research director, says: 'Total's investment in Adani is undoubtably a show of faith in India's gas demand growth. Gas currently accounts for just under 6% of energy demand in India. Wood Mackenzie forecasts LNG demand will double from some 37 billion m3 in 2018 to reach 75 billion m3 by 2030, equivalent to 7% of the energy mix. LNG will meet approximately 50% of this demand growth, providing a major growth opportunity for Total.'



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