Shell boosts its LNG business

Shell expands its shipping activities significantly by acquiring Spanish oil company Repsol's LNG business.

Photo: SHELL

Royal Dutch Shell has completed its acquisition of Spanish oil company Repsol's global LNG business outside of North America for USD 4.1 billion.

According to Shell the acquisition will significantly increase the company's total shipping capacity, just as the transaction is estimated to boost the Dutch-British energy company's already dominant position on the LNG market.

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