Shell Boosts its Leadership in Global LNG With the Completion of Repsol S.A. LNG Deal
THE HAGUE, January 2, 2014 /PRNewswire/ —
Royal Dutch Shell plc today announces the successful completion of the acquisition of Repsol S.A.’s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6 billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell’s world-class LNG marketing business.
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