The agreements significantly reduce debt and reinforce the company’s balance sheet

Repsol completes the sale of LNG assets

Press Release 02/01/2014 15:10
  • Repsol has completed the sale of its LNG assets with the transferral to Shell of assets in Peru and Trinidad & Tobago. Previously Repsol had sold its stake in Bahia Bizkaia Electricidad to BP.
  • With these agreements, Repsol has received approximately $4.3 billion and has shed financial commitments and non-consolidated debt.
  • The agreements significantly strengthen Repsol’s balance sheet and liquidity with a reduction in net debt of $3.3 billion.
  • With sale closure, the company surpasses the divestment commitment outlined in the 2012-2016 Strategic Plan.