Dutch Royal Shell To Step Into LNG Shoes of Repsol in $6 Billion Deal; Chesapeake Deals With Sinopec; and LNG Canada Project Moves Forward

摘要

Repsol S.A. announced on Wednesday that it will sell liquefied natural gas (LNG) assets in Trinidad & Tobago, Peru and Spain to Royal Dutch Shell plc. More than a dozen bidders contended for stakes and associated contracts in Atlantic LNG, Peru LNG and Bahia de Bizkaia Electricidad (BBE), Repsol Repsol S.A. announced on Wednesday that it will sell liquefied natural gas (LNG) assets in Trinidad & Tobago, Peru and Spain to Royal Dutch Shell plc. More than a dozen bidders contended for stakes and associated contracts in Atlantic LNG, Peru LNG and Bahia de Bizkaia Electricidad (BBE), Repsol LNG businesses of Repsol. The agreement includes $4.4 billion cash for the assets and $1.8 billion in liabilities including LNG vessel charters, Shell said. "By optimizing the combined portfolios we will increase our ability to bring LNG to areas that need it the most, adding value for Shell, our partners and our customers," Shell chief executive Peter Voser said in a statement.