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