Total SA takes up ₹ 2,000-cr port projects

Total SA, a France-based firm has recently decided to invest more than ₹2,000 crore in building multi-energy offerings in a joint venture with Adanis Group. The company will run liquefied natural gas (LNG) re-gasification terminals at Mundra and Dhamra ports and will roll out 1,500 fuel stations over 10 years such as LNG and fuel retailing. Total, the world’s second-largest LNG player, is expected to own as much as 50 per cent in the JV in the construction of LPG terminals and city gas distribution networks. The partnership with Adani Group will help Total emerge as the biggest private player in India’s LNG sector, overtaking Petronet LNG. Total picked up Adani Group for a larger India play because the Ahmedabad-based domestic player has the downstream infrastructure critical to its plans. The retail fuel outlets will offer Indian customers Total’s full range of fuels, lubricants and other products and services, said an official spokesperson.