French oil and gas giant Total SA has taken a 50 per cent stake in Dhamra LNG Terminal Pvt Ltd (DLTPL), a unit of Adani Ports and Special Economic Zone Ltd (APSEZ), which is constructing a 12 million tonne per annum (mtpa) LNG regasification terminal at its port located at Dhamra in Odisha’s Bhadrak district.
BusinessLine could not ascertain the value of the deal, the first after the New York Stock Exchange-listed French multinational and the world’s second biggest private LNG firm, announced a joint venture in October 2018 with the Adani Group to develop multi-energy offerings for the Indian market, including LNG and fuel retailing, multiple sources said.
