Royal Dutch Shell Likely to Buy Repsol LNG Assets

Royal Dutch Shell is interested in buying several liquefied natural gas assets from Repsol of Spain, Cinco Dias newspaper reported on Tuesday.

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

The company aims to sell assets in Canada where it controls 75% of the Canaport LNG terminal, its 20% stake in Peru LNG, and its shareholding in Trinidad and Tobago’s Atlantic LNG.

Repsol expects to finalize the asset sale in the coming weeks.

[mappress]
LNG World News Staff, January 29, 2013; Image: Canaport LNG