Total completed the acquisition of a 37% stake in Adani Gas for $866m.

Total, a French multinational integrated oil and gas company, completed the acquisition of a 37% stake in Adani Gas, an Indian natural gas distribution company, for $866m. “Total’s investment in Adani Gas reinforces India’s natural gas and demand potential. The partnership will derive significant synergies between Adani’s capabilities of developing world-class assets and Total’s global best practices as well as leveraging business synergies across LNG, Fuel Retail and City Gas distribution. We look forward to working together towards delivering India’s vision for clean and green energy” Gautam Adani, Adani Group Chairman.