Total SA

Total, which aimed to produce its first cargo from the project in 2024, suspended work on March 27 after the militant attack

The IGX is an arm of IEX and first authorised gas exchange in the country

If the oil-and-gas major had booked the profits through its headquarters in the Netherlands, it could have faced a tax bill of about $700 million based on the Dutch corporate tax rate of 25%

The talks between the energy majors also involve the Mozambican government as it has to give final approval to any new agreement

The two firms will form JV for setting up a CNG compressor making unit in India

CEO Patrick Pouyanne said on Monday that France's Total wants to expand rnewable energy portfolio in India

Adani Green Energy Ltd (AGEL) on Thursday said it has transferred 205 MW solar assets to its JV business with French energy major Total SA for about Rs 1,632 crore

London-based BP has previously said it plans to cut its overall output by roughly 1 million barrels of oil equivalent (boepd) by the end of 2030 from its current 3.6 million boepd

Adani Green in a public statement said the joint venture has 2 GW of operating solar projects operating across 11 states in India

The proposed combination represents an investment opportunity for Total along with its subsidiaries and affiliates given the future of natural gas business in India

As the company continues to trade at a price higher that its peers in the same business, analysts call the offer an attractive one

The deal will be the largest foreign direct investment in India's city gas distribution

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players

There were reports that the French major was keen on picking up stakes in Adani Group's two LNG projects and attached city gas distribution projects

Total is in talks to buy up to half of Adani Group's stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in the firm's city gas projects, PTI reported Sunday

India is looking at more than doubling the share of natural gas in its energy basket to 15 per cent in next few years

Firm plans to invest in LPG infra, LNG as well as renewables segment