CCI Approves Hazira Acquisition

The Competition Commission of India (CCI) HAS approved 100 per cent acquisition of Hazira LNG Pvt Limited and Hazira Port Private Ltd by Shell. The move will allow Shell commercial and operational flexibility over Hazira to maximise integrated value and offer creative customer value propositions. “This portfolio action is consistent with Shell’s strategy to deepen its presence in the gas value chain in India, the fourth largest LNG consumer in the world. Shell aims to contribute in bridging the energy deficit and further augment gas supplies in India,” the company said in an earlier statement.

Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, said in an earlier statement, “This purchase creates a fully-owned and integrated Shell value chain supply from our global LNG portfolio, re-gassification at the Hazira facility, and downstream customer sales. It enables Shell to better serve Indian customers and meet the country’s long-term need for more and cleaner energy. This also significantly strengthens the connection of the fastest growing gas markets in the world, India, and Shell’s unrivaled portfolio of competitive gas supply.”