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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Shell completes Repsol LNG deal
Shell has completed its acquisition of Repsol’s LNG portfolio outside North America for a headline cash consideration of $4.1bn. As part of the transaction, Shell will also assume $1.6bn of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to the company’s LNG marketing business.
The deal gives Shell an additional 7.2mn t/y of directly managed LNG volumes, boosting its portfolio with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru.
As part of this agreement, as previously disclosed, Shell has committed to supply around 0.1mn t/y of LNG to Repsol’s Canaport LNG terminal in Canada over a period of 10 years.
News Item details
Journal title: Petroleum Review
Countries: Latin America -
Subjects: Liquefied natural gas, LNG Terminals
