OIL & GAS

Total India head on Adani Gas board

French energy giant Total SA’s India head Alexis Thelemaque has been appointed as a director on the Board of billionaire Gautam Adani’s gas retailing firm Adani Gas Ltd. The appointment follows Total buying a 37.4 per cent stake in Adani Gas Ltd – the firm that retails gas to automobiles and households for an estimated Rs 5,700 crore.

“The Board of Directors of the company have, by way of circular resolution passed on January 14, 2020, appointed Alexis Thelemaque as an Additional Director (Non-Executive, Non-Independent),” Adani Gas said in a regulatory filing.

Thelemaque, who joined Total Group in France in 1993, is Chairman and Managing Director of Total Oil India Pvt Ltd.

Total, which in August 2018 exited a JV with Royal Dutch Shell in a 5 million tonne liquefied natural gas (LNG) import terminal at Hazira in Gujarat, had in October last year announced the acquisition of the stake in Adani Gas.

Source
Energy World
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