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Repsol Nears LNG Assets Sale to Shell for Up to EUR1.7 Billion -Report

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Dow Jones Newswires: Published February 25, 2013

Spain’s Repsol SA may announce this week the sale of several of its liquefied natural gas assets to Royal Dutch Shell PLC for a total between 1.50 billion euros ($1.98 billion) and EUR1.7 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.

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