Centrica sells Trinidad and Tobago gas assets to Shell
11/30/2016
LONDON (Reuters) -- British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.
The assets include a 17.3% interest in the producing NCMA-1 block as well as operating interests in two undeveloped blocks, Centrica said.
The divestment is part of Centrica's drive to focus its oil and gas exploration and production activity to Britain, the Netherlands and Norway.
Shell, which became the world's top liquefied natural gas trader following its $54 billion acquisition of BG Group this year, has a stake in Atlantic LNG, one of the world's largest plants, in Trinidad.
Reporting by Ron Bousso, editing by Louise Heavens
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Cook Inlet LNG advances FSRU project in Alaska (U.S.)
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
Comments