Shell to roll out more retail outlets

The Shell Group today said it plans to create a retail network by setting up more outlets in future.

"Our retail outlet network programme is going ahead as planned," Vikram Singh Mehta Chairman Shell Group of companies told reporters here. However, he did not disclose the number.

"Can't say how many we are setting up, but the intention is to create a retail network," Mehta said.

The company has also expanded the capacity of its liquefied natural gas (LNG) terminal at Hazira to three million tonnes.

It may import LNG cargo from Australia on Thursday, after a gap of almost three months.

Shell had last imported LNG cargo at its Hazira terminal in Gujarat on October 13, 2008, from Trinidad and Tobago for $20.5 per mmBtu.

On January 1, GAIL had said that it had bought LNG from Shell India at $11.7 per mmBtu.

On whether Shell has been hit by the global financial meltdown, he said, "Economic recession has not hit our network."