MLNG Tiga NEWS

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.