Shell Aims to Sell 35% Stake in Abadi LNG Project for $1 Billion -Reuters

Date : 05/03/2019 @ 1:59PM
Source : Dow Jones News

Shell Aims to Sell 35% Stake in Abadi LNG Project for $1 Billion -Reuters

Royal Dutch Shell (LSE:RDSB)
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--Royal Dutch Shell PLC (RDSB.LN) is looking to sell its 35% stake in the $15 billion Abadi liquefied natural gas project in Indonesia, Reuters reports, citing unnamed sources.

--Shell is looking to raise around $1 billion from the sale of its stake to help pay for its $54 billion purchase of BG Group in 2015.

--A spokeswoman from Shell declined to comment.

 

Full story: https://reut.rs/2PJaZ0d

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

May 03, 2019 08:44 ET (12:44 GMT)

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