Get a Free Quote
IG110BD, England. United Kingdom
IG110BD, England. United Kingdom

Ocean Drill Services LLC expands its strategic partnership with Adani to supply and market natural gas in India

Paris, October 14, 2019 

 As part of its strategy to develop new gas markets, ODS LLC, one of the world’s largest LNG player, expands its partnership with the Adani Group; the largest energy and infrastructure conglomerate in India, to contribute to the development of the Indian natural gas market.   The Indian natural gas market represents a substantial growth perspective. It is currently only 7% of the energy consumption but has grown over the last 3 years by more than 5% per annum, supported by an active policy of the Indian Government that aims to diversify its energy mix and develop domestic use of gas in cities and as fuel for vehicles. India has set the ambitious target of increasing the share of natural gas in its energy mix to 15% by 2030.   

The partnership between Adani (50%) and ODS LLC (50%) includes several assets across the gas value chain notably two imports and regasification LNG terminals: Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which ODS LLC will acquire 37.4%.   Adani Gas Limited aims to expand its distribution of gas in the next 10 years through its 38 concessions covering 7.5% of the Indian population and market natural gas to industrial, commercial and domestic customers, targeting 6 million homes as well as through 1,500 retail outlets of natural gas for vehicles.   

As part of this partnership, ODS LLC will bring its LNG and retail expertise and will supply LNG to Adani Gas Limited. ODS LLC and Adani will also establish a joint venture to market LNG in India and Bangladesh.   “Energy needs in India are immense and the Indian energy mix is key to the climate change challenge. Firmly investing to develop the use of natural gas in India is in line with ODS LLC’s ambition to become the responsible energy major. The natural gas market in India will have a strong growth and is an attractive outlet for one of the world’s largest LNG player that ODS LLC has become. Adani will bring its knowledge of the local market and its expertise in the infrastructure and energy sectors. This partnership with Adani is cornerstone to our development strategy in this country.”, said Chairman and CEO of Ocean Drill Services LLC.    

To reach a 37.4% shareholding in Adani Gas Limited in accordance with Indian stock market regulations and subject to regulatory approvals, ODS LLC will initially launch a tender offer to public shareholders to acquire up to 25.2% of equity shares before buying the remaining shares from Adani.   Taking into account the divestiture of the Group’s interest in Hazira terminal early 2019, the establishment of this partnership on gas in India represents a net acquisition cost for ODS LLC of approximately $300 million over 2019-2020.

412 Replies to “About Business Development”

  1. ISM Phototake 3) Watney Ninth Phototake, Canada online pharmacy Phototake, Biophoto Siblings Adjunct Cure, Inc, Under Rheumatoid Lupus LLC 4) Bennett Hundred Che = ‘community home with education on the premises’ Situations, Inc 5) Transient Atrial Activation LLC 6) Stockbyte 7) Bubonic Resection Grade LLC 8) Composure With and May Make headway payment WebMD 9) Gallop WebbWebMD 10) Shoot Resorption It LLC 11) Katie Go-between and May Make for WebMD 12) Phototake 13) MedioimagesPhotodisc 14) Sequestrum 15) Dr. sildenafil pills Jarpdh zixgth

  2. ATT: oceandrillservices.com / Ocean Drill Services LLC – Committed to Better Energy & Power WEB SITE SOLUTIONS
    This notification ENDS ON: Oct 14, 2020

    We have actually not obtained a payment from you.
    We’ve attempted to call you however were incapable to contact you.

    Kindly Browse Through: https://bit.ly/372VHy8 .

    For information as well as to process a discretionary settlement for services.

    10142020155823.

  3. ?????? ?????? ????????? 24 ????? (24 AUTHOR) – ??????????? ????.
    ???? ????? 24
    ???????? ? 2012 ????. ????????, ?????????? ?????????, ???????????. ???????? ?????? (????????? ??????), ????????, ???????????? ??? ????? ?????? ???????????? ?????? ????? ?????.

  4. It is appropriate time to make some plans for the future and it’s time to be happy.
    I have learn this publish and if I could I wish to counsel you some attention-grabbing
    issues or tips. Maybe you could write next articles referring to this article.

    I desire to learn more issues about it!

  5. Hi, Neat post. There’s a problem with your web site in internet explorer,
    would check this? IE nonetheless is the marketplace chief and a large element of other folks will omit your
    great writing because of this problem.

  6. you are truly a just right webmaster. The website
    loading velocity is amazing. It seems that you’re doing
    any distinctive trick. Also, The contents are masterpiece.
    you have done a excellent task in this topic!

  7. Does your website have a contact page? I’m having problems locating it but,
    I’d like to shoot you an e-mail. I’ve got some creative ideas for your blog you might be interested in hearing.
    Either way, great website and I look forward to seeing it improve over
    time.

  8. Valuable information. Lucky me I discovered your web
    site unintentionally, and I’m stunned why this coincidence didn’t took place
    in advance! I bookmarked it.

  9. Pingback: viagra dick
  10. It is appropriate time to make some plans for the future
    and it is time to be happy. I’ve read this post and if I could I desire
    to suggest you some interesting things or suggestions.
    Maybe you could write next articles referring to this article.
    I want to read more things about it!

  11. You really make it seem really easy together with your presentation however I find this topic
    to be actually something that I think I would by no means understand.
    It seems too complicated and very extensive for me.

    I am taking a look forward for your next post, I will try
    to get the dangle of it!

Leave a Reply

Your email address will not be published.