Repsol likely to sell global LNG assets to Shell
1/29/2013 12:00:00 AM
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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