The Norwegian subsidiary of energy firm Shell has sold its downstream liquefied natural gas (LNG) subsidiary Gasnor to Madrid-based Molgas Energy Holding for an undisclosed sum, it said on Thursday.
The transaction transfers all of Norske Shell’s complete shareholding in Gasnor to Molgas and includes all of Gasnor’s assets and 52 staff, it said.
Gasnor is a downstream LNG company with small scale LNG production facilities headquartered in Avaldsnes, Norway.
Source: Reuters