The Telegraph (India): HPCL eyes stake in Shell LNG project: “Shell’s $700-million project, with a capacity of 2.5 million tonnes, will be commissioned by 2004.”
OUR SPECIAL CORRESPONDENT
Posted 11 Sept 04
Mumbai, Sept. 10: Hindustan Petroleum Corporation Ltd (HPCL) is keen on picking up an equity stake in the Hazira LNG project promoted by the Royal Dutch/Shell group.
The move is part of the company’s efforts to provide energy users alternative fuels like liquefied natural gas (LNG).
Sources said while HPCL may source LNG from Shell’s terminal, the corporation is also likely to supply petroleum products to Shell as the latter sets up retail outlets in the country.