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Repsol likely to sell global LNG assets to Shell

01.29.2013  | 

Repsol was initially looking to raise some €3 billion via the sale, but the final figure could be much lower, in the ballpark of €2 billion. The LNG assets are located in Peru, Trinidad and Tobago, Canada and Spain.

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By ENZA TEDESCO

The board of Spain's Repsol will analyze and likely approve at its meeting Wednesday the sale of the oil company's liquefied natural gas assets to Royal Dutch Shell, reports Cinco Dias in its Tuesday Internet edition, citing people close to the operation.

The company was initially looking to raise some €3 billion ($4 billion), but the final figure could be much lower, in the ballpark of €2 billion, the report adds, citing the same sources.

Repsol's LNG assets are located in Peru, Trinidad and Tobago, Canada and Spain.


Dow Jones Newswires



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