Repsol to sell LNG assets to Shell

Spanish oil major Repsol will likely sell its liquefied natural gas assets to Shell.

Repsol is selling the assets based in Canada, Trinidad and Tobago and Peru to boost its finances and credit ratings. Analysts say Repsol's future share price depends on a successful sale.

Reports have named France's GDF Suez and Russian companies Gazprom and Novatek as interested in the assets, alongside Sinopec of China and Gail of India.