Shell to buy Total's stake in Hazira Port

Shell Gas BV, a subsidiary of Royal Dutch Shell plc, has signed a binding letter of intent (LoI) with Total Gaz ElectricitT Holdings France to acquire its stake in Hazira LNG and Port companies. The move will give commercial and operational flexibility to Shell over Hazira to amplify integrated value, and provide creative customer value propositions. Hazira LNG and Port venture has two companies under itself: Hazira LNG, which operates a liquefied natural gas regasification terminal in Gujarat; and Hazira Port, which handles a direct berthing multi-cargo port at Hazira. <p></p> <p>Contact: Hazira LNG and Port.</p> <p>Website: www.haziralngandport.com</p>