3 billion provision against the value of Canaport

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Canada Goose Outlet MADRID/LONDON, Feb canada goose uk shop 26 (Reuters) canada goose store Repsol has sold a set of liquefied natural gas (LNG) assets to Royal Dutch/Shell for $4.4 billion cash, more than halving the Spanish oil company heavy debt and extending the Anglo Dutch group dominant position in LNG. Canada Goose Outlet

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Shell will also take on $2.3 billion of financial leases and debt as part of the deal Which they expect to complete before the canada goose coats end buy canada goose jacket of the year.

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canada beachcottage goose clearance It put the LNG assets up for sale last summer as part uk canada goose outlet of a wider divestment programme aimed at cutting debt, which stood at 5 billion euros ($6.5 billion) at the end of September, excluding cheap Canada Goose debt related to its 30 percent stake in Gas Natural Fenosa. canada goose clearance

buy canada goose jacket Following the sale, net debt will fall to 2.2 billion euros, Repsol said. buy canada goose jacket

canada goose coats on sale The LNG sale had drawn interest from a range of bidders including China Sinopec, Russia Gazprom, GAIL Ltd of India and GDF Suez of France. canada goose coats on sale

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cheap Canada Goose It has 22 million tonnes per year (mtpa) of LNG on canada goose coats on sale stream more than a tenth of global demand and is building 7 mtpa of new LNG capacity Canada Goose sale in Australia that will increase its production by 30 percent over the next few years. cheap Canada Goose

canadian goose jacket This deal adds a further 4 mtpa of owned capacity, taking its production to about 33 mtpa by 2017. Its closest rival among the Canada Goose Parka oil majors cheap canada goose uk is Exxon Mobil, canada goose uk black friday which is expected to canada goose uk outlet have about 20 mtpa Canada Goose online of production in 2017. canadian goose jacket

buy canada goose jacket cheap The deal also widens its geographic reach Canada Goose Outlet in LNG into canada goose factory sale the West Atlantic from Atlantic LNG in Trinidad Tobago where it will become a partner with BG Group, and into the East Pacific from Peru LNG. buy canada goose jacket cheap

Canada Goose sale These additions canadian goose jacket will complement Shell existing LNG capacity in Africa, Asia, Australia, the Middle East and Russia, the company said. Canada Goose sale

Canada Goose online Under the deal, Shell has committed to continue supplying Canaport with just 0.1 million tonnes a year of LNG over a period of 10 Canada Goose Jackets years, enough to keep the terminal ticking over, but little more. Canada Goose online

canada goose Repsol, which buy canada goose jacket cheap is due to report 2012 results on Feb. 28, has sold assets for more than 5 billion euros in the past year, surpassing the target outlined in its strategic plan. canada goose

Canada Goose Jackets Fitch revised Repsol credit canada goose black friday sale rating outlook to stable from negative in late January on expectations that it would complete its asset sales plan. S and Moody are expected to make a statement in canada goose clearance the coming days on their outlook. Canada Goose Jackets

canada goose black friday sale S rates Repsol long term debt at BBB with a Canada Goose Coats On Sale Cheap canada goose stable outlook, while Moody has a Baa3 rating with a negative outlook canada goose black friday sale.