Shell seeks to sell most LPG retailing
Royal Dutch Shell PLC hopes to sell much of its LPG retail business as part of a strategy announced in March to lower downstream exposure (OGJ Online, Mar. 29, 2010).
By OGJ editors
HOUSTON, May 7 -- Royal Dutch Shell PLC hopes to sell much of its LPG retail business as part of a strategy announced in March to lower downstream exposure (OGJ Online, Mar. 29, 2010).
The company said it is “in discussions with third parties as part of a review of ownership options for most of the company’s LPG businesses.” It called sale of the businesses “the preferred outcome of the review.”
The review covers Shell Gas (LPG) units in France, Belgium, the Netherlands, Luxembourg, Denmark, Finland, Sweden, Norway, Hungary, Poland, the UK, Malaysia, Pakistan, Sri Lanka, the Philippines, Singapore, and Argentina. Also under discussion are Shell Gas (LPG) businesses working through Shell Oil Products Africa in Morocco, Tunisia, South Africa, and Botswana.
Excluded from the review are Shell Gas (LPG) units in Canada, Turkey, Brunei, Vietnam, Hong Kong, and Macau.
The company has sold its LPG business in India and has confirmed it wants to sell its major shareholding in an LPG operation in Pakistan.
Shell plans to lower global refining capacity by 15% and retail operations by 35%.