Market Chatter: Apollo Global Management, Blackstone, KKR Compete for Shell's LNG Canada Stake

MT Newswires Live
Apr 30

Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported Thursday, citing sources.

The Shell-led sale could include stakes in both the project's operating first phase and its planned expansion, the report said.

Shell is weighing a partial sale of its 40% stake to raise capital while retaining exposure, with LNG Canada's direct access to Asian markets boosting its appeal amid tighter global energy supplies, Reuters added.

Apollo Global Management, Blackstone, KKR and Shell did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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