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Repsol nears LNG assets sale to Shell

BY ENZA TEDESCO

Repsol may announce this week the sale of several of its LNG assets to Shell for a total between $1.98 billion and $2.22 billion, reports Expansion, citing financial sources.

Repsol' s regasification plant in Canada will be excluded from the sale to Shell, as it is operating below its capacity and likely would force Repsol to make provisions on that asset, the paper adds.

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

Dow Jones Newswires

02/25/2013

 

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