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Pin to quick picksRoyal Dutch Shell A Share News (RDSA)

Share Price Information for Royal Dutch Shell A (RDSA)

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Share Price: 1,421.60
Bid: 1,422.20
Ask: 1,422.80
Change: -8.60 (-0.60%)
Spread: 0.60 (0.04%)
Open: 1,442.40
High: 1,448.20
Low: 1,417.60
Yest. Close: 1,430.20
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Shell sells Norwegian LNG business to Spain's Molgas

Thu, 8th Apr 2021 13:45

OSLO, April 8 (Reuters) - The Norwegian subsidiary of energy
firm Shell has sold its downstream liquefied natural
gas (LNG) subsidiary Gasnor to Madrid-based Molgas Energy
Holding for an undisclosed sum, it said on Thursday.

The transaction transfers all of Norske Shell's complete
shareholding in Gasnor to Molgas and includes all of Gasnor's
assets and 52 staff, it said.

Gasnor is a downstream LNG company with small scale LNG
production facilities headquartered in Avaldsnes, Norway.

Shell has owned the firm since 2012.

The transaction has an effective date of Jan 1 2020.

The sale of Gasnor has no effect on the operations or
organisation of Norske Shell, it said.

The divestment also does not affect Shell's interests in
Shell's LNG Gibraltar terminal, where Gasnor will continue to
provide operator services.

Molgas is owned by InfraVia, a French independent private
equity firm specialising in infrastructure and technology
investments.
(Reporting by Nora Buli; editing by Jason Neely)

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