Shell, Engie exit Kakinada LNG project

Shell, Engie exit Kakinada LNG project

Royal Dutch Shell, Europe’s largest oil firm, and French energy major Engie have exited a floating LNG import terminal project at Kakinada in Andhra Pradesh over concerns about demand for imported gas in India. Post exit of Shell and Engie (previously known as GDF Suez), state-owned gas utility GAIL India Ltd is negotiating with Andhra Pradesh government on possible structure of the project, GAIL Chairman and Managing Director B C Tripathi said. “Shell and GDF (now known as Engie) are no longer part of the project,” he told reporters here. Read More…

 

 

Credit By: Financial Express

Leave a Reply

Your email address will not be published.