Repsol to sell Peru and Ecuador LNG businesses

Published by David Rowlands, Editor
LNG Industry, Thursday, 21 April 2016 09:00

According to Reuters, Repsol has agreed to sell its LNG businesses in Peru and Ecuador to Chile’s Abastible. The businesses will be sold for a combined price of US$335 million.

Reuters also reports that the two disposals will close in the next few months, and that capital gains will be determined on the currency exchange rate that is finally used.

Repsol also reportedly plans to maintain its exploration and production activities in both of the South American countries, following the sale of the businesses.

Edited from various sources by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21042016/repsol-to-sell-peruvian-and-ecuadorian-lng-businesses-2323/

EIA: Natural gas production and consumption has increased in Egypt and Israel for 20 years

Friday 02 December 2022 12:00

Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries, The U.S. Energy Information Administration has reported.

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