The Hague, Netherlands – Shell is in discussions to sell most of its liquefied petroleum gas (LPG) business in several markets, part of an overall strategy to downsize globally into a smaller number of assets and markets.
The company has also recently announced downstream reviews in Finland, Sweden and Africa, proposed sales in Germany and the United Kingdom, and completed sales in France and New Zealand.
Shell completed the sale of its LPG business in India in April 2010 and has confirmed its intention to sell its major shareholding in the Pakistan LPG business.
“This review is consistent with our strategy to concentrate Shell’s global downstream footprint and follows a number of similar reviews and divestment around the world,” said Mark Williams, Shell’s downstream director. “We will continue with our program of asset sales which includes planned exits from 15 per cent of our worldwide refining capacity and 35 per cent of our current retail markets.”