TOTAL joins Adani to create India’s premier integrated gas utility

By OEM Update Editorial November 11, 2019 2:12 pm IST

Adani and TOTAL have signed definitive agreements to deepen their existing partnership and commitment for developing multi-energy offerings to the Indian energy market. City Gas Distribution is a natural extension of the plans of both partners to invest in infrastructure and assets worth over $1 billion, which span Liquefied Natural Gas (LNG) infrastructure and marketing and fuel retail business, announced in October 2018.

This demonstrates both partners’ commitment to this important partnership and confidence in Adani Gas as the leading gas distribution player and commitment to the Government’s vision to provide benefits of piped natural gas and CNG to 70 per cent populations of the country.

The expanded partnership will develop regasification terminals including Dhamra LNG, on the East coast of India; market LNG to the Indian markets and through Adani Gas, target to distribute gas to 7.5 per cent of India’s population. This strengthens the partners’ commitment to make big stride towards India’s vision of promotion of natural gas and clean energy mix.

Both partners would make significant investments in the next 10 years across the businesses to develop India’s gas infrastructure, distribution, marketing businesses with presence in over 15 states reaching out to approximately 7.5 per cent of India’s population and setting up global scale and world class LNG, gas distribution and fuel retail
infrastructure in India.