Shell reviews LGP portfolio

Shell yesterday said it is discussing with third parties as part of a review of ownership options for most of the company's liquefied petroleum gas (LPG) businesses.

The preferred outcome of the review is the sale of the Shell Gas (LPG) businesses in scope as going concerns, through a number of phased portfolio actions. The scope of the review is the Shell Gas (LPG) businesses in France, Belgium, Netherlands, Luxembourg, Denmark, Finland, Sweden, Norway, Hungary, Poland, United Kingdom, Malaysia, Pakistan, Sri Lanka, Philippines, Singapore and Argentina.

The Shell Gas (LPG) businesses in Canada, Turkey, Brunei, Vietnam, Hong Kong and Macau are out of scope. This review is consistent with Shell's strategy to concentrate its global Downstream footprint on a smaller number of assets and markets.