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>

<< Jan 2020 >>
MTWTFSS
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 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >