French energy giant Total buys $600 million stake in Adani gas

Nabanita Dutta

News Editor
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French energy giant Total SA is eyeing on India and they have spent $600 million to purchase a 37.4% stake in India's Adani Gas Ltd. Total is the world's second-largest player in the Energy segment and this deal will give them the opportunity to enter the Indian market where the annual demand for LNG will reach 28 million tons by 2023. India is the fastest-growing LNG market in the world at this moment.