Shell in Morgan Stanley’s European gas and power trading book buy

Shell in Morgan Stanley's European gas and power trading book buy

Dutch giant Shell informed that it has acquired Morgan Stanley’s European natural gas and power trading portfolio through its Shell Energy Europe unit. 

The company said that the deal comprises predominantly physical and financial gas and power trades, Reuters reports.

A binding sales and purchase deal was signed between Morgan Stanley and Shell Energy Europe, but the company did not reveal the price of the acquisition.

As Shell’s spokeswoman Sarah Bradley told Bloomberg, no personnel were involved in the transaction.

 

LNG World news Staff

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >