GDF Suez Interested in Repsol LNG Assets, France

Repsol SA’s liquefied natural gas (LNG) assets have sparked considerable interest on the part of big market players since July, when Repsol launched the sale of its LNG interests.

GDF Suez of France, the biggest buyer of gas in Europe, seems to be interested in Repsol’s LNG assets, but as explained by Chief Executive Officer Gerard Mestrallet, a concrete offer has not been put on the table yet, Reuters informs.

Mestrallet said to Bloomberg in an interview: “It’s “normal” to look at holdings such as Repsol’s because they are similar to those GDF Suez already owns. We haven’t yet decided to put an offer on the table.”

An unnamed source told Reuters that Repsol has already received six offers for the company’s stake in liquefied natural gas (LNG) assets. Earlier this week, Russia’s Novatek also showed interested in these assets.

Properties that are up for grab include stake in liquefaction and regasification plants in Peru, Canada and Trinidad and Tobago. Selling stake in these assets would help Repsol’s current debt issues.

[mappress]
LNG World News Staff, October 18, 2012