Shell Acquires Repsol's LNG Assets for $6.7 Billion

On February 26, 2013, Repsol of Spain and Royal Dutch Shell Co., Ltd. stated that Repsol will sell some of its LNG assets to Shell for US$6.7 billion, which not only expands Shell's LNG business also helped reduce Repsol's debt burden.

Shell will pay Repsol $4.4 billion in cash and assume the latter’s $2.3 billion financial leasing business and debt as a consideration for the acquisition of the above assets. This portion of assets does not include Canadian LNG receiving terminal assets originally listed by Repsol, but includes Repsol’s liquefaction plants in Peru, Trinidad and Tobago, and a LNG in Spain. Receiving terminal. It is expected that the transaction will be completed by the end of 2013 or early 2014.

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