Shell continues to expand its LNG leadership with the purchase of new positions from Repsol S.A.

    Shell
    Door Shell

    The Hague, 26 February 2013. Royal Dutch Shell plc (“Shell”) continues to expand its industry leadership in Liquefied Natural Gas (“LNG”), today agreeing to acquire part of Repsol S.A’s (“Repsol”) LNG portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for a cash consideration of $4.4 billion. Shell will also assume and consolidate balance sheet liabilities predominantly reflecting leases for LNG ship charters of currently $1.8 billion. The balance sheet impacts are subject to final assessment prior to completion of the transaction.image



    Original: http://rssfeeds.shell.com/~r/shell_media_releases/~3/osbkmMmywFE/shell-repsol-260213.html
    Posted: February 26, 2013, 6:55 pm

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