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Oil rig in the middle of the sea Malaysia

Shell completes the sale of equity in Malaysia LNG Tiga

Shell Gas Holdings (Malaysia) Limited made an announcement regarding the sale of equity in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) for US$750 million. The economic date of the transaction is Sept 1, 2017, and Shell has been paid a final amount of US$640 million after the dividend adjustments.

The sale is in line with the company’s strategy to make its portfolio simple and become more focused and resilient as a company. Shell has a strong business base in Malaysia and continues to hold on to its commitments with the country.

Source: World Oil

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