Total partners with Adani Group for major expansion in India

Total and Adani Group have signed an agreement to jointly develop the liquefied natural gas (LNG) market in India and stablish a strong fuel retailing network.

The two companies will create a Joint Venture to build a retail network of 1,500 service stations over a period of 10 years.

With a focus on the main roads of the country, such as highways and intercity connections, the JV wants to take advantage of a market growing at 4% per year driven by the development of road infrastructures and the emergence of a middle class.

These new service stations will offer Indian customers Total’s full lineup of fuels, lubricants, as well as a broad range of other products and services.

Total, the world’s second largest LNG private player, and Adani will serve the fast growing gas demand of the Indian market. They will jointly develop various regasification LNG terminals, including Dhamra LNG, on the East coast of India.

“The partnership between Total and the private Adani Group illustrates our joint commitment to assisting India to diversify its energy mix and to ensure a supply of reliable, affordable and clean energy to consumers,” said Patrick Pouyanné, Chairman and CEO of Total.

The Adani Group is an Indian private conglomerate active in 50 countries and specialized in commodities trading, port infrastructures and logistics, as well as energy production and distribution.