Bloomberg News

Shell, Reliance May Build LNG Terminal, Economic Times Reports

January 03, 2012

Jan. 3 (Bloomberg) -- 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.

--Editors: Alexander Kwiatkowski, Christian Schmollinger

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


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