World News
Shell Completes LNG Assets Deal
Royal Dutch Shell (Shell) has completed the acquisition of a liquefied natural gas (LNG) portfolio from Spanish company Repsol SA for $3.8 billion, the Wall Street Journal reports.
The deal was worth slightly less than the $4.4 billion agreed to when it was first announced in February 2013 after adjustments for financial performance of the portfolio and other issues.
The acquisition gives Shell liquefaction facilities in Peru and Trinidad and Tobago, as well as a Spanish LNG import terminal.
Shell said the new assets give it an increased cash flow with little ongoing capital expenses.
The company said in February that the deal would help it trade LNG among its global facilities, increasing its ability to participate in the industry worldwide.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 635.50 | 5.50 | 744.00 | 2.00 |
| Rotterdam | 580.50 | 11.50 | 749.50 | 16.50 |
| Houston | 596.00 | 5.50 | 763.50 | 10.00 |
| Fujairah | 632.50 | 0.50 | 887.50 | 5.50 |
| Global 20 Ports Average | 645.50 | 3.00 | 830.50 | 6.00 |
| Global 4 Ports Average | 611.00 | 5.50 | 786.00 | 8.00 |
| Global Average Bunker Price | 696.00 | 0.00 | 885.50 | 4.00 |
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