Shell, Reliance May Build LNG Terminal, Economic Times Reports

Royal Dutch Shell Plc and billionaire Anil Ambani’s Reliance Power Ltd. are in talks to build a liquefied natural gas terminal on India’s east coast, The Economic Times reported, citing three unidentified people familiar with the plans.

Investment in the project may amount to 30 billion rupees ($560 million), the newspaper said, citing industry officials it didn’t identify.

To contact the reporter on this story: Dinakar Sethuraman in New Delhi at dinakar@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.