Shell, Reliance May Build LNG Terminal, Economic Times Reports
By -
Jan 2, 2012
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