Repsol sells LNG businesses in Peru and Ecuador
Published by David Rowlands,
Editor
LNG Industry,
According to Reuters, Repsol has reached an agreement to sell its Peruvian and Ecuadorian LNG businesses to Chile’s Abastible. The sale is worth a combined US$335 million at current exchange rates.
Nonetheless, Reuters also reports that the company is still planning to continue its exploration and production activities in Peru and Ecuador following these sales.
The company reportedly stated that both sales will close in the next few months, with capital gains determined based on the currency exchange rate that is finally used.
Edited from various sources by David Rowlands
Read the article online at: https://www.lngindustry.com/liquefaction/24062016/repsol-sells-lng-businesses-in-peru-and-ecuador-2653/
You might also like
Kelsian signs contract for workforce transportation services for CP2 LNG project
Kelsian Group Ltd has announced that Hotard Coaches, Inc. has signed a binding contract with Worley Field Services, Inc. to provide workforce transportation services for the construction and development phase of the CP2 LNG project owned by Venture Global LNG.
