Shell Acquires 100% in Hazira LNG & Port Companies

Shell Gas B.V., a subsidiary of Royal Dutch Shell plc (Shell), on Wednesday said that it has completed the acquisition of 26 percent equity interest in the Hazira LNG and Port venture in India from Total Gaz Electricité Holdings France (Total). This brings Shell’s equity interest in the venture to 100 percent.

The move allows Shell to build an integrated gas value chain: supply from its global LNG portfolio, regasification at the Hazira facility, and downstream customer sales. It further enables Shell to contribute towards India’s long-term need for more and cleaner energy solutions.

Shell Energy India was founded in 2017. The prime objective was to aggregate demand from downstream customers and secure competitive international supply so as to meet such demand. Having commercial and operational flexibility over Hazira will further enable Shell to offer better customer value propositions and build a pan-India gas business.

Ajay Shah, Vice President Shell Energy Asia, said that fifteen years ago, Shell invested in the Hazira project – the single largest foreign direct investment for India in the energy sector at the time. He said that he is very proud that as a 100 per cent shareholder, they will now be able to utilize this great infrastructure asset to its full potential and help provide much needed gas to serve the growing energy needs of India.