Shell completes Hong Kong, Macau LPG business sale

Shell completes Hong Kong, Macau LPG business sale
Image courtesy of DSG Energy

Shell said it has completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG on 31st December 2017. 

Shell continues to operate the LPG plant in Hong Kong, which is part of the second phase of the transaction and is subject to conditions including regulatory approvals, the Hague-based company said in its statement on Wednesday.

The sale of Shell’s entire LPG business in Hong Kong and Macau was announced in April 2017 for an agreed total transaction value of approximately $150 million.

As part of the sale, Shell-branded LPG products will continue to be available in Hong Kong and Macau via a long-term brand license agreement with DCC LPG.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >