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Shell farms out MLNG Tiga
June 20, 2018

Shell farms out MLNG Tiga

Shell sold off its 15 percent stake in Malaysia LNG Tiga to the Sarawak State Financial Secretary (SFS) for $750 million. SFS is already a shareholder in the MLNG Tiga and this acquisition increased its stakes in MLNG Tiga to 25%. MLNG Tiga was the last of Shell’s remaining share in the Petronas LNG complex. Shell stated that the sale was in line with its strategy to streamline its portfolio.

   Read More About : LNG Shell Malaysia MLNG Tiga Petronas
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