Repsol to likely sell LNG assets to Shell
BY ENZA TEDESCO
MADRID -- The board of Repsol will analyze and likely approve at its meeting the sale of the oil company' s LNG assets to Shell, reports Cinco Dias in its Internet edition, citing people close to the operation.
The company was initially looking to raise some $4 billion, but the final figure could be much lower, in the ballpark of $2.69 billion, the paper adds, citing the same sources. Repsol' s LNG assets are located in Peru, Trinidad and Tobago, Canada and Spain.
Dow Jones Newswires