Adani And Total Join Forces To Become A Major Integrated Downstream Player In The Indian Energy Market
Adani and Total have signed an agreement to jointly develop multi-energy offerings to the Indian energy market. The diversified portfolio includes Liquefied Natural Gas (LNG) and Fuel Retail.
This strategic partnership between Total and Adani Group will therefore allow to create:
A major footprint in LNG business:
Total, the world’s second largest LNG private player, and Adani, the largest infrastructure conglomerate in India, will serve the fast growing gas demand of the Indian market.
The partnership has set a target of developing various regasification terminals including Dhamra LNG, on the East coast of India. Most essentially it would be a big stride towards India’s vision of achieving a healthier energy mix through promotion of LNG.
A Retail Network of 1,500 service stations :
Total and Adani will create a Joint Venture with an objective to build a retail network of 1,500 service stations over the period of 10 years, on the main roads of the country, such as highways and intercity connections to take advantage of a market growing at 4% per year driven by the development of road infrastructures and the emergence of middle class, which has been open to private investors since 2014. These new service stations, in line with international standards, will offer Indian customers Total’s full lineup of fuels, lubricants, as well as a broad range of other products and services.