French giant Total plans to expand LPG infrastructure in India
French oil and gas company Total SA plans to invest in Indian LPG infrastructure, including Autogas distribution network, storage capacity, and import terminals, according to CEO Patrick Pouyanne.
Pouyanne, who recently met Oil Minister Dharmendra Pradhan, said India’s growing energy market, especially LPG, LNG and renewables, were attractive for Total and that he was encouraged by the minister to invest in this infrastructure. “We look for profitable markets,” he said.
“India is a growing market in LPG, so we are looking at expanding in LPG, including plants, station network, import terminals, all the infrastructure that is necessary to expand the LPG business,” he added. “We are already importing LPG. We are also a big trading company,” he said.
Total currently operates Autogas refuelling stations in south India. The company sees big opportunity in the LPG business as a concerted government attempt at enrolling more customers has sharply increased fuel consumption in the country.
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