I-T claims absurd, we don’t evade tax: Shell

Shell has one of the country’s two LNG re-gasification terminals at Hazira (in a joint venture with Total of France) and has set up a technology centre in Bangalore. With the rapid increase in domestic gas demand, Shell wants to exploit the LNG market. “We want to double the capacity to 10 million tonnes for Hazira in next 3 years time,” she said adding that the company would be investing close to $1 billion over the next two years to expand its LNG business. A floating 5 mt terminal is also expected to come up by 2014 with the option to expand it to 10 mt later.