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Shell Agrees to Buy Norway’s Gasnor

July 11, 2012 in HHP, LNG, Marine by Rich Piellisch  |  No Comments

$74 Million Deal Thrusts Shell into Downstream LNG Leadership Role

Shell disclosed a share purchase agreement for the remainder of Norway’s Gasnor, supplier of liquefied natural gas to the world-leading LNG marine sector there. The deal, expected to close in the third quarter subject to Norwegian regulatory approvals, will bring Shell three small scale production plants and distribution assets including two tanker ships, a fleet of trucks and a network of terminals.

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