Reuters: HPCL to buy 26% in Shell’s LNG terminal
“Hindustan Petroleum Corp. Ltd, plans to buy about a one quarter stake in Royal Dutch/Shell’s 2.5 million tonnes LNG import terminal in Gujarat”
Thursday, 22 September, 2005
Mumbai: Hindustan Petroleum Corp. Ltd, plans to buy about a one quarter stake in Royal Dutch/Shell’s 2.5 million tonnes LNG import terminal in Gujarat, along with rights to market the gas.
“We have an in-principle agreement with Shell to buy equity in the terminal and talks are on to buy about 26 per cent,” Chairman M B Lal told a news conference late on Wednesday.
Earlier on Wednesday Lal had told Hindustan Petroleum’s shareholders the company had completed a due diligence study for acquisition of a stake in the Liquefied Natural Gas (LNG) terminal.
Shell’s LNG plant in Hazira is the country’s second re-gasification terminal, and has been designed to import 5 million tonnes of super-cooled gas a year. French oil company Total SA also holds a 26 per cent stake in the project.
The Hazira project is the country’s first merchant terminal. It offers flexible short-term contracts to customers, unlike the traditional model of rigid long-term supply contracts wherein a customer is committed to buy gas for 20 years.
Lal said Hindustan Petroleum’s sole interest in picking up a stake was to foray into LNG imports and then market the gas in various parts of the country.
India is promoting LNG imports and is also in talks to build pipelines to bring natural gas from Iran, Turkmenistan and Myanmar as gas use rises.
The share of gas in India’s energy use basket is expected to rise to 20 per cent by 2025 from 7 per cent now.
India plans to import 7.5 million tonnes of LNG a year from Iran, starting in 2009 and running for 25 years.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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