Reliance, Shell in talks to set up India LNG terminal
1/3/2012 12:00:00 AM
Reliance Power Ltd. is in talks with Royal Dutch Shell to form a joint venture to set up a liquefied natural gas (LNG) terminal at Kakinada on India's east coast, the Economic Times reported Tuesday, citing unnamed sources.
The terminal may cost INR30 billion (Indian rupee), the report said.
Kakinada Port may pick up a minority stake in the terminal, it added.
Dow Jones Newswires
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