Total signs LOI to sell minority interest in LNG terminal in India

Total has announced that it has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities. 

The terminal is located in the Surat district of Gujarat, on the west coast of India. Spread over an area of 46.7 hectares, the terminal has a jetty where LNG cargo is unloaded through cryogenic unloading arms and sent to the LNG tanks for storage via unloading line. There are two tanks with a capacity of 160000m³ each. Each tank contains In-tank pumps which transfer the LNG to recondenser.

LNG from the recondenser is sent to the cryogenic LNG booster pumps, which pressurise the LNG from 8barg to 110barg. The pressurised LNG is then sent for re-gasification to the LNG vaporisers i.e., ORV (open rack vaporiser) or SCV (submersed combustion vaporiser). A 13.9 Km, 28 inch pipeline transports this high pressure gas to the Metering Stations (HMMS and Mora) where the custody transfer takes place.

The terminal was commissioned on 16 April 2005. It is India’s first LNG terminal to be developed by a global energy company and at the time represented the single largest foreign direct investment in the country's energy sector.