Posted by OilVoice Press - OilVoice
Paris, October 17, 2018 - Total and Adani Group have signed an agreement to jointly develop multi energy offers to the Indian energy market. This cooperation includes Liquefied Natural Gas (LNG) and Fuel Retail. 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.
This strategic partnership between Total and Adani Group will therefore allow to create:
“India's energy consumption will grow among the fastest of all major economies in the world over the next decade. 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. We are thrilled to build this broad partnership with the Adani Group, benefitting from its in-depth knowledge of the Indian energy market, as well as its access to infrastructures through a significant footprint in several of the country's key ports,”outlined Patrick Pouyanné, Chairman and CEO of Total.
Speaking on the occasion, Adani Group Chairman, Mr. Gautam Adani, said, “I am delighted to partner with Total, one of the biggest energy companies in the world. The collaboration enables us to associate with Total's century-old legacy, global presence, scale and unparalleled go-to-market expertise. The global synergy between the two groups presents widespread benefits and long-term value for the economy and the people of India. We are looking forward to this opportunity to touch millions of lives by leveraging our collective footprints and domain expertise in the energy sector. It also enables the Adani Group to be part of the country's vision in adopting cleaner energy.”
Headquartered in Ahmedabad, India, Adani Group is one of India's largest integrated infrastructure conglomerates with interests in Resources, Logistics, Energy, and Agro, Real Estate, Public Transport Infrastructure, Finance and Defense. Adani owes its success and leadership position to its core philosophy of ‘Nation Building'. The Group is committed to protecting the environment and improving communities through its CSR program based on the principles of sustainability, diversity and shared values.
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