Shell Gas to acquire Total’s 26 per cent stake in Hazira LNG and Port

Shell Gas B.V., a subsidiary of global energy giant Royal Dutch Shell plc, has entered into an agreement with Total Gaz Electricité Holdings France to acquire the latter’s 26 per cent equity in Hazira LNG and Port in Gujarat. The agreement is subject to regulatory approvals. The deal will mark Total’s exit with Shell holding 100 per cent stake in Hazira LNG and Port. Shell is also looking to source liquefied natural gas (LNG) from Total.